Trump's trip to Scotland as his new golf course opens blurs politics and the family's business
'At some point, maybe in my very old age, I'll go there and do the most beautiful thing you've ever seen," Donald Trump said in 2023, during his New York civil fraud trial, talking about his plans for future developments on his property in Balmedie, Aberdeenshire.
At 79 and back in the White House, Trump is making at least part of that pledge a reality, traveling to Scotland on Friday as his family's business prepares for the Aug. 13 opening of a new course it is billing as 'the greatest 36 holes in golf."
While there, Trump will talk trade with British Prime Minister Keir Starmer, a meeting he's said will take place at 'probably one of my properties.'
The Aberdeen area is already home to another of his courses, Trump International Scotland, and the president also plans to visit a Trump course near Turnberry, around 200 miles (320 kilometers) away on Scotland's southwest coast.
Using this week's presidential overseas trip — with its sprawling entourage of advisers, White House and support staffers, Secret Service agents and reporters — to help show off Trump-brand golf destinations demonstrates how the president has become increasingly comfortable intermingling his governing pursuits with promoting his family's business interests.
The White House has brushed off questions about potential conflicts of interest, arguing that Trump's business success before he entered politics was a key to his appeal with voters.
White House spokesperson Taylor Rogers called the Scotland swing a 'working trip." But she added that Trump 'has built the best and most beautiful world-class golf courses anywhere in the world, which is why they continue to be used for prestigious tournaments and by the most elite players in the sport.'
Trump family's new golf course has tee times for sale
Trump went to Scotland to play his Turnberry course during his first term in 2018 while en route to a meeting in Finland with Russian President Vladimir Putin. This time, his trip comes as the new golf course is about to debut and is already actively selling tee times.
It's not cheap for the president to travel.
The helicopters that operate as Marine One when the president is on board cost between $16,700 and nearly $20,000 per hour to operate, according to Pentagon data for fiscal year 2022. The modified Boeing 747s that serve as the iconic Air Force One cost about $200,000 per hour to fly. That's not to mention the military cargo aircraft that fly ahead of the president with his armored limousines and other official vehicles.
'We're at a point where the Trump administration is so intertwined with the Trump business that he doesn't seem to see much of a difference,' said Jordan Libowitz, vice president and spokesperson for the ethics watchdog organization Citizens for Responsibility and Ethics in Washington. 'It's as if the White House were almost an arm of the Trump Organization.'
During his first term, the Trump Organization signed an ethics pact barring deals with foreign companies. An ethics frameworks for Trump's second term allows them.
Trump's assets are in a trust run by his children, who are also handling day-to-day operations of the Trump Organization while he's in the White House. The company has inked many recent, lucrative foreign agreements involving golf courses, including plans to build luxury developments in Qatar and Vietnam, even as the administration continues to negotiate tariff rates for those countries and around the globe.
Trump's first Aberdeen course has sparked legal battles
Trump's existing Aberdeenshire course, meanwhile, has a history nearly as rocky as the area's cliffs.
It has struggled to turn a profit and was found by Scottish conservation authorities to have partially destroyed nearby sand dunes. Trump's company also was ordered to cover the Scottish government's legal costs after the course unsuccessfully sued over the construction of a nearby wind farm, arguing in part that it hurt golfers' views.
And the development was part of the massive civil case, which accused Trump of inflating his wealth to secure loans and make business deals.
Trump's company's initial plans for his first Aberdeen-area course called for a luxury hotel and nearby housing. His company received permission to build 500 houses, but Trump suggested he'd be allowed to build five times as many and borrowed against their values without actually building any homes, the lawsuit alleged.
Judge Arthur Engoron found Trump liable last year and ordered his company to pay $355 million in fines — a judgment that has grown with interest to more than $510 million as Trump appeals.
Golfers-in-chief
Family financial interests aside, Trump isn't the first sitting U.S. president to golf in Scotland. That was Dwight D. Eisenhower, who played in Turnberry in 1959. George W. Bush visited the famed course at Gleneagles in 2005 but didn't play.
Many historians trace golf back to Scotland in the Middle Ages. Among the earliest known references to game was a Scottish Parliament resolution in 1457 that tried to ban it, along with soccer, because of fears both were distracting men from practicing archery — then considered vital to national defense.
The first U.S. president to golf regularly was William Howard Taft, who served from 1909 to 1913 and ignored warnings from his predecessor, Teddy Roosevelt, that playing too much would make it seem like he wasn't working hard enough.
Woodrow Wilson played nearly every day but Sundays, and even had the Secret Service paint his golf balls red so he could practice in the snow, said Mike Trostel, director of the World Golf Hall of Fame.
Warren G. Harding trained his dog Laddie Boy to fetch golf balls while he practiced. Lyndon B. Johnson's swing was sometimes described as looking like a man trying to kill a rattlesnake.
Bill Clinton, who liked to joke that he was the only president whose game improved while in office, restored a putting green on the White House's South Lawn. It was originally installed by Eisenhower, who was such an avid user that he left cleat marks in the wooden floors of the Oval Office by the door leading out to it.
Bush stopped golfing after the start of the Iraq war in 2003 because of the optics. Barack Obama had a golf simulator installed in the White House that Trump upgraded during his first term, Trostel said.
John F. Kennedy largely hid his love of the game as president, but he played on Harvard's golf team and nearly made a hole-in-one at California's renowned Cypress Point Golf Club just before the 1960 Democratic National Convention.
'I'd say, between President Trump and President John F. Kennedy, those are two of the most skilled golfers we've had in the White House,' Trostel said.
Trump, Trostel said, has a handicap index — how many strokes above par a golfer is likely to score — of a very strong 2.5, though he's not posted an official round with the U.S. Golf Association since 2021. That's better than Joe Biden's handicap of 6.7, which also might be outdated, and Obama, who once described his own handicap as an 'honest 13.'
The White House described Trump as a championship-level golfer but said he plays with no handicap.
___
Associated Press writer Chris Megerian in Washington contributed to this report.
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The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption. Yahoo Finance's Nina Moothedath reports: Here's what to know about ethereum and what sets it apart from other blockchains. ASML's stock is in focus after US/EU trade deal Semiconductor play ASML (ASML, getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.) Here's what JP Morgan had to say this morning: Semiconductor play ASML (ASML, getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.) Here's what JP Morgan had to say this morning: Good morning. Here's what's happening today. Economic data: Dallas Fed manufacturing activity (July) Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Here are some of the biggest stories you may have missed overnight and early this morning: Fed meeting, July jobs report and Big Tech earnings: Week ahead Health insurers have a problem that's squeezing their earnings Musk hails $16.5B Samsung deal to make Tesla's AI chips Trump looms large over defiant Fed's meeting this week Eyes on US-China talks after EU strikes 15% tariff deal Oppenheimer lifts S&P 500 target to call third year of 20% gains US LNG producers soar as EU agrees $250B in annual purchases Japan: Only 2% of $550 billion US fund will be investment Economic data: Dallas Fed manufacturing activity (July) Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Here are some of the biggest stories you may have missed overnight and early this morning: Fed meeting, July jobs report and Big Tech earnings: Week ahead Health insurers have a problem that's squeezing their earnings Musk hails $16.5B Samsung deal to make Tesla's AI chips Trump looms large over defiant Fed's meeting this week Eyes on US-China talks after EU strikes 15% tariff deal Oppenheimer lifts S&P 500 target to call third year of 20% gains US LNG producers soar as EU agrees $250B in annual purchases Japan: Only 2% of $550 billion US fund will be investment Fed meeting, jobs report, Big Tech earnings — and Trump's deadline: What to watch this week The impact of President Trump's policies on the economy is about to get a lot clearer. Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters: Read more here. The impact of President Trump's policies on the economy is about to get a lot clearer. Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters: Read more here. Trending tickers: Nike, Samsung Electronics and US liquefied natural gas stocks Here are some top stocks trending on Yahoo Finance in premarket trading: Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64. Samsung Electronics ( stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip. Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Here are some top stocks trending on Yahoo Finance in premarket trading: Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64. Samsung Electronics ( stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip. Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Samsung to make AI chips for Tesla under $16.5 billion deal Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Oil rises with EU-US trade deal locked in Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. European stock futures rise on US-EU trade deal announcement Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


New York Post
6 minutes ago
- New York Post
Houthis threaten to attack any ship from countries that do business with Israel
The Houthi rebel group has threatened to attack merchant ships belonging to any company or nation that does business with Israel as part of a new phase of attacks aimed at the Jewish state. The Iran-backed terror group said Sunday that it has 'decided to escalate their military support operations and begin implementing the fourth phase of the naval blockade' against Israel. It warned that all merchant ships, 'regardless of nationality' or final destination, will be targeted along the Red Sea and Gulf of Aden, two major trade routes that have been plagued by the Houthis since the start of the Israel-Hamas war. Advertisement 3 The Houthis sunk the Greek-owned Magic Seas earlier this month as part of its campaign against Israel. via REUTERS 3 The rebel group has been plaguing merchant ships along the Red Sea and Gulf of Aden since November 2023. AP The rebel group called on nations that do business along the trade routes to pressure Israel to end the war in Gaza and lift its aid blockade 'if they want to avoid this escalation.' The Yemen-based Houthis launched their campaign along the Red Sea, where $1 trillion worth of goods pass through each year, in November 2023 as a show of solidarity for Hamas. Advertisement Despite major airstrikes from Israel, the US and the UK aimed at its rocket launching facilities, the rebel group has managed to cause mayhem along the Red Sea and Gulf of Aden. Earlier this month, the Houthis successfully attacked and sank two Greek-owned bulk carriers in the Red Sea, including the deadly strike on the Eternity C. 3 The Liberia-flagged Eternity C sinks to the bottom of the Red Sea following a Houthi attack earlier in July. ANSARULLAH MEDIA CENTRE/AFP via Getty Images Advertisement The Liberian-flagged cargo ship was besieged on July 9, with the attack killing four people after the fire and explosions caused the crew of 20 to jump overboard and spend more than 24 hours in the water before help arrived. The attack on the Eternity C came just days after the Houthis sank the Magic Seas, another Liberian-flagged ship operating in the Red Sea. The Houthis' warning of escalated attacks came just two months after the rebel group reached a cease-fire deal with the US to end its shipping attacks. Advertisement The terror group, however, maintains that the agreement does not prohibit its attack on targets believed to be aligned with Israel. With Post wires