Whilst there is no legal requirement for Trump to give up his company interests, during his term in office, US presidents have usually passed over their business interests to an independent manager, known as a blind trust – to avoid any conflict of interests.
During the campaign for the Republican nomination, Trump said his children would continue to run his business empire, consisting of a real estate and a hotel/leisure portfolio, is the event of a victory in the presidential election.
In Scotland, Trump owns and operates the five-red-AA-star, 157-bedroom Turnberry resort in Ayrshire, which reopened in June following a £200m refurbishment, and the Menie Estate in Balmedie, Aberdeenshire, which include the Macleod House & Lodge.
Whilst it is still yet early days, and analysts are still debating Trump respectfully and the impact it will have Mike Meek, Procurement Director, allmanhall said, “2016 has demonstrated that the world is much less predictable than we thought, with further uncertainty and events still set to unfold… Regarding the impact of President Elect Trump, we need to establish if the candidacy rhetoric translates to policy. Donald Trump’s Senior Economic Advisor, Dan Dimicco has indicated that the UK could go to the front of the queue regarding any future trade deal with the US, however, Trump himself has expressed protectionist views, by promising to put American workers and industry first, and denigrating trade deals, such as NAFTA and TPP. These protectionist views will impact global economic growth and the nature of international trade.
Key factors concerning the food industry will continue to centre around uncertainty of: currency; interest rates; farming subsidies; tariffs; regulatory policy and the availability of labour.”