Trump Organization stops making real estate deals outside the US
The son of US President Eric Trump said in an interview that Trump Organization ceases to conclude transactions with real estate outside the US.
“Because of the policy, we told ourselves that we are not going to expand (business) abroad, we will not engage in new international projects, and this was a big share in our business,” said Trump Jr., who is vice president of the company.
He also noted that the company sees much more potential in the US. In addition, many states are reducing taxes, which makes real estate transactions more profitable. That is why the Trump Organization is planning to focus its activities inside the country.