
Trump 2.0 takes quid pro quo fears to new heights with $400m flying grift
But on Monday morning, the show's co-host Brian Kilmeade put the billion-dollar question to the White House press secretary, Karoline Leavitt. News had just broken that Trump had decided to accept a gift of a $400m luxury jumbo jet from the government of Qatar, a petro-state which the president once denounced as a 'funder of terrorism'.
'Do you worry that, if they give us something like this, they want something in return?' Kilmeade asked.
Leavitt swatted the question away, saying that the Qataris knew that Trump 'only works with the interests of the American public in mind'. Despite her protestations, the heart of the matter is now out there for all to contemplate: what about the quid pro quo?
The avoidance of quid pro quo – of favours granted in return for something, or to put it colloquially, you scratch my back and I'll scratch yours – has been a bedrock of American governance, especially in foreign policy, for decades. It even informed Trump's first presidency when the Trump Organization, his family business, forewent all foreign deals for the duration.
Now he's back in the Oval Office, all such guardrails separating personal from public gain appear to have been discarded. Since Trump's second presidential victory in November, the Trump Organization, under the management of his third child Eric, has seen an explosion of activity in the Gulf region.
Plans have proliferated for Trump towers and golf resorts in Saudi Arabia, Qatar and the United Arab Emirates (UAE). It would take a bold commentator to suggest that the president's visit beginning on Tuesday to those same fabulously rich oil nations is purely coincidental.
Of all the transactions in the pipeline, the most brazen is the proposed gift of a $400m 'palace in the sky' from the Qatari government. It is hard to imagine a clearer violation of the emoluments clause of the constitution which bars federal officials, including the president, from accepting high-value gifts without congressional approval.
The Republican senator from Kentucky Rand Paul summed it up. 'It's not like a ride on the plane,' he said. 'We are talking about the entire $400m plane.'
Trump's approach in his second term towards such inconveniences as ethical codes and the rule of law has been to dismiss from the leadership of key federal agencies seasoned public servants committed to the US constitution and replace them with loyalists committed to his Make America great again (Maga) mantra. From Trump's perspective, that may look like an easy fix. But for anyone concerned about quid pro quo it has merely compounded the problem.
According to ABC News, Pam Bondi, Trump's US attorney general and the country's top law enforcement officer, carried out a legal analysis of the Qatar plane gift that concluded it would be 'legally permissible'. That's all very well. But what about the fact that in the run-up to the 2022 soccer World Cup, Bondi worked as a lobbyist for the Qatari government, receiving from it a handsome $115,000 every month?
Quid pro quo over the gift of the Boeing 747-8 jetliner from that same Qatari government is further complicated by the intricate nexus of business deals that Eric Trump is creating at lightning speed through the Gulf region. The first foreign deal secured by the Trump Organization since Trump's return to the Oval Office in January is in Qatar.
The deal is for the construction of a luxury resort and 18-hole golf course outside the Qatari capital, Doha. It will be known as the Trump International Golf Club & Villas.
The scheme will be developed by a Qatari company, Qatari Diar, which happens to be owned by the Qatari government. The real estate business was set up by Qatar's sovereign wealth fund and has a government minister chairing its board.
That would appear to be a breach of Trump's second-term promise – already so much weaker than the ethical pledges he made in Trump presidency 1.0 – that the family business would pursue no deals involving foreign governments. The Trump Organization insists the partnership was arranged with a Saudi firm, Dar Global, and not the Qatari company. But that only raises a further issue: Dar Global has close ties with the Saudi royal family.
Were that not enough, there's also the crypto factor. Trump's venture into the crypto currency business is another whole can of worms, with so many ethical conundrums attached to it that it would keep a conflict of interest investigator busy for years.
Suffice to say that the Trump family is betting big on cryptocurrency at the same time that the president is using his executive powers to boost the fledging digital payment system as well as remove regulatory restraints standing in its way.
Where are the Trump family's biggest crypto deals located? In the Gulf states.
A fund run by the royal family of UAE recently invested $2bn in a crypto exchange. The fund channeled the money through a new cryptocurrency known as stablecoin that tracks the US dollar.
The stablecoin was issued by a cryptocurrency company, World Liberty Financial. It is owned by the Trump family.
The front page of World Liberty Financial's website invites visitors to 'meet our team, the passionate minds shaping the future of finance'. Under a beaming photograph of the 47th president are the words: 'Donald J Trump, chief crypto advocate'.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mail
17 minutes ago
- Daily Mail
Trump's Golden Dome to undergo crucial test
A major defense contractor has announced plans to conduct space-based tests on President Donald Trump 's Golden Dome within the next three years. Lockheed Martin, one of the Pentagon 's prime military contractors responsible for the F-35 fighter jet and Black Hawk helicopters, will demonstrate a space-based interceptor missile by 2028, the company has announced. Lockheed is now quickly creating command and control (C2) capabilities to aid in Trump's Golden Dome initiative, the company announced this week. 'Golden Dome for America is a challenge unlike anything attempted at this scale or on this timeline, and we're moving fast to bring together connected C2 capabilities that work now,' Thad Beckert, Golden Dome C2 director at Lockheed Martin, said in a press release. The Golden Dome is projected to cost around $175 billion in total and take three years to be ready, Trump has said, though analysts expect the project to cost more and take longer. Whichever Pentagon contractor can successfully prove a reliable ability to shoot down incoming advanced missiles first could win billions in funding, meaning the race to shoot down missiles in space is on. Congress has already approved $24.4 billion worth of Golden Dome funding in Trump's recently passed domestic policy agenda dubbed the 'One Big, Beautiful Bill.' An estimate from the Arms Control Center shows that the total funding for the project could reach up to $500 billion. The Congressional Budget Office also estimates that the project could cost up to $540 billion over the next two decades. 'We have missile warning and tracking satellites made by Lockheed Martin in orbit today that provide timely detection and warning of missile threats,' said Amanda Pound, mission strategy and advanced capabilities director at Lockheed Martin Space, told Fox News Digital this week. 'We are committed to making space-based interceptors for missile defense a reality, leveraging our decades of experience, investments, and industry partnerships, to be ready for on orbit testing in 2028.' Trump first announced the Golden Dome initiative in May, expressing his desire to create a system similar to Israel's Iron Dome, which has proved vital in its war with Hamas. 'This is very important for the success and even survival of our country. It's a pretty evil world out there,' he said. 'Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world, and even if they're launched from space. And we will have the best system ever built.' Trump declared that the establishment of the Golden Dome would provide 'close to 100 percent protection' of the U.S. and is 'very important for the success and even survival of our country.' The missile defense system, along with others, has been praised for shooting down ballistic missiles launched at the country from Iran and Hezbollah militants in Lebanon. The U.S. Golden Dome project will feature a vast array of sensors, satellites, land and space-based weapons that all work together to identify and neutralize targets. 'This rapid C2 prototyping effort is one among many within Lockheed Martin demonstrating how we can support the US Government as a Golden Dome for America mission partner,' said Daniel Nimblett, Vice President of Layered Homeland Defense at Lockheed Martin. He said the project aims to deliver 'real-time situational awareness' and 'informed decision-making to defend the nation.' Lockheed demonstrated its ability to intercept hypersonic medium-range missiles in March after testing its Aegis Combat System aboard a U.S. Navy destroyer. Previously, a similar effort was launched in 1983 under President Ronald Reagan called the Strategic Defense Initiative, which was later dubbed 'Star Wars.' That ambitious plan sought to similarly install space-based defense systems. However, it was eventually scrubbed due to inadequate technology and ballooning costs.


Reuters
19 minutes ago
- Reuters
Owner of landmark Manhattan skyscraper closes on $1.3 billion loan
Aug 6 (Reuters) - New York City property developer The Durst Organization sealed one of 2025's largest Manhattan office loans for a landmark Times Square skyscraper on Wednesday, according to Rosenberg + Estis, the law firm that represented the developer. The family-run property owner closed a $1.3 billion commercial mortgage-backed security on One Five One, a 48-story, Class A office building formerly known as 4 Times Square. The proceeds will go towards funding tenant improvements and capital expenditures, among other uses, according to Rosenberg + Estis. In the years following the COVID-19 pandemic, which wrought devastation on the U.S. office market, The Durst Organization has brought a diverse range of major new tenants to the building, including social media giant TikTok and financial services firm Nasdaq. One Five One was designed by legendary architect Frank Gehry and was previously home to publisher Conde Nast until 2014, and international law firm Skadden Arps until 2020. Wells Fargo (WFC.N), opens new tab, JPMorgan (JPM.N), opens new tab and Bank of America (BAC.N), opens new tab co-originated the $1.3 billion CMBS. The building was previously financed by a $650 million CMBS and a $900 refinancing provided in 2019 by JPMorgan and Wells Fargo. Rosenberg + Estis called the immense package a major milestone for the New York office market's recovery. "This deal sold the bonds very quickly. It pre-sold, basically," said Eric Orenstein, a member of Rosenberg + Estis's transactions team. Orenstein said the $1.3 billion ultimately funded was well above the amount originally sought by The Durst Organization. "There is tremendous demand for class A assets for well-known sponsors that are well-respected in the community," he added. "It's a good sign for the market generally." The $1.3 billion loan carries a 5.865% interest rate and matures on August 6, 2030. The financing arrangement was based on an estimated property valuation of $2.3 billion and a loan-to-value ratio of 56.5%. The Durst Organization did not immediately return a request for comment. Wells Fargo declined to comment. JPMorgan and Bank of America also did not immediately return requests for comment.


Reuters
19 minutes ago
- Reuters
Trump says progress made in US envoy Witkoff's meeting with Putin
WASHINGTON/MOSCOW, Aug 6 (Reuters) - U.S. President Donald Trump on Wednesday said his special envoy Steve Witkoff had made "great progress" in his meeting with Russian President Vladimir Putin, as Washington continued its preparations to impose secondary sanctions on Friday. The meeting came two days before a deadline set by Trump for Russia to agree to peace in Ukraine or face new sanctions. Trump has been increasingly frustrated with Putin over the lack of progress towards peace and has threatened to impose heavy tariffs on countries that buy Russian exports. A White House official said that while the meeting had gone well and Moscow was eager to continue engaging with the United States, secondary sanctions that Trump has threatened against countries doing business with Russia were still expected to be implemented on Friday. No details were provided. "My Special Envoy, Steve Witkoff, just had a highly productive meeting with Russian President Vladimir Putin. Great progress was made!" Trump said in a post on Truth Social. "Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come," he added. A Kremlin aide earlier on Wednesday said Witkoff held "useful and constructive" talks with Putin on Wednesday. The two met for around three hours on a last-minute mission to seek a breakthrough in the 3-1/2-year war that began with Russia's full-scale invasion of Ukraine. Kremlin foreign policy aide Yuri Ushakov said the two sides had exchanged "signals" on the Ukraine issue and discussed the possibility of developing strategic cooperation between Moscow and Washington, but declined to give more details until Witkoff had reported back to Trump. Ukrainian President Volodymyr Zelenskiy said he believed pressure had worked on Russia and Moscow was now more amenable to a ceasefire. "It seems that Russia is now more inclined to a ceasefire. The pressure on them works. But the main thing is that they do not deceive us in the details – neither us nor the U.S.," Zelenskiy said in his nightly address. Writing separately on the X social media platform, Zelenskiy said he had discussed Witkoff's visit to Russia with Trump, adding that he had reiterated Ukraine's support for a just peace and its continued determination to defend itself. "Ukraine will definitely defend its independence. We all need a lasting and reliable peace. Russia must end the war that it itself started," Zelenskiy said, adding that European leaders had joined the call with Trump. Trump on Truth Social said he had updated some of Washington's European allies following Witkoff's meeting. Trump took a key step toward punitive measures on Wednesday when he imposed an additional 25% tariff on imports from India, citing New Delhi's continued imports of Russian oil. No similar order was signed for China, which also imports Russian oil. The new measure raises tariffs on some Indian goods to as high as 50% — among the steepest faced by any U.S. trading partner. The Kremlin says threats to penalise countries that trade with Russia are illegal. It was not clear what Russia might have offered to Witkoff to stave off Trump's threat. Ushakov, who was present, told Russian news outlet Zvezda: "We had a very useful and constructive conversation." He added: "On our part, in particular on the Ukrainian issue, some signals were transmitted. Corresponding signals were also received from President Trump." Bloomberg and independent Russian news outlet The Bell reported that the Kremlin might propose a moratorium on airstrikes by Russia and Ukraine - an idea mentioned last week by Belarusian President Alexander Lukashenko during a meeting with Putin. Such a move, if agreed, would fall well short of the full and immediate ceasefire that Ukraine and the U.S. have been seeking for months. But it would offer some relief to both sides. Since the two sides resumed direct peace talks in May, Russia has carried out its heaviest air attacks of the war, killing at least 72 people in the capital Kyiv alone. Trump last week called the Russian attacks "disgusting." Ukraine continues to strike Russian refineries and oil depots, which it has hit many times. Zelenskiy said on Wednesday that Russia had attacked a gas pumping station in southern Ukraine in what he called a deliberate and cynical blow to preparations for the winter heating season. Russia said it had hit gas infrastructure supplying the Ukrainian military. Andriy Yermak, chief of staff to Zelenskiy, said on Wednesday that a full ceasefire and a leaders' summit were required. "The war must stop and for now this is on Russia," he posted on Telegram. Putin is unlikely to bow to Trump's sanctions ultimatum because he believes he is winning the war and his military goals take precedence over his desire to improve relations with the U.S., three sources close to the Kremlin told Reuters. The Russian sources told Reuters that Putin was sceptical that yet more U.S. sanctions would have much of an impact after successive waves of economic penalties during 3-1/2 years of war. The Russian leader does not want to anger Trump, and he realises that he may be spurning a chance to improve relations with Washington and the West, but his war goals are more important to him, two of the sources said. Putin's conditions for peace include a legally binding pledge that NATO will not expand eastwards, Ukrainian neutrality, protection for Russian speakers, and acceptance of Russia's territorial gains in the war, Russian sources have said. Zelenskiy has said Ukraine would never recognise Russia's sovereignty over its conquered regions and that Kyiv retains the sovereign right to decide whether it wants to join NATO. Witkoff, a real estate billionaire, had no diplomatic experience before joining Trump's team in January, but has been simultaneously tasked with seeking ceasefires in the Ukraine and Gaza wars, as well as negotiating in the crisis over Iran's nuclear programme.