Trump’s son to update POTUS about business profits, says they're 'pretty inseparable'

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Donald Trump Jr
U.S. President Donald Trump's sons Donald Trump Jr. (L) and Eric Trump sit in the audience waiting to watch their father. Reuters/Carlos Barria

US President Donald Trump’s son, Eric, said he will update his father about profitability reports of their family’s business. Eric conceded about updating his father regarding Trump Organization’s profit after less than two minutes of denying he would do so.

“Yeah, on the bottom line, profitability reports and stuff like that, but you know, that’s about it,” he told Forbes. He said one thing that’s clear is that he and his father are very close, and that they talk a lot. "We’re pretty inseparable," he added.

Nearly two minutes before he said that the president will be updated about Trump Organization’s profits, Eric has talked about the separation of church and state, saying it is something that they maintain."I do not talk about the government with him, and he does not talk about the business with us,” he said.

Ethics experts express concern about the contradiction. Larry Noble, general counsel of the nonpartisan Campaign Legal Center, believes there is no way that Trump would not talk about his children about business matters. “But if he is now going to get reports from his son about the businesses, then he really isn’t separate in any real way,” he said. George W. Bush’s former chief ethics lawyer, Richard Painter, agreed. He pointed that at the end of the day, Trump is the owner of the business, and that there are conflicts that come with that fact.

"All of Mr. Trump's investments in the Trump Organization have been, or will be, conveyed to a trust prior to January 20," or Inauguration Day,” Trump Organization lawyer Sheri Dillon said at Trump Tower in Manhattan. She added that the president’s access to information about his business would be “sharply limited,” but clarified that her client can’t un-know he owns Trump Tower.

Under a trust agreement, the president will step down in his role as the leader of his company. The responsibility was handed over to his sons, Donald Jr. and Eric. First daughter Ivanka will also have no further involvement with their family’s business.

Even before the 2016 presidential campaign, Eric has been managing the Trump International Las Vegas, a business that his father runs with billionaire Phil Ruffin. Trump‘s business involves golf resorts and hotels around the world. Business Insider notes that Dillon said at a press conference Wednesday that all profits generated at Trump's hotels by foreign governments would go straight to the US Treasury.