The Trump Organization has slowed its real estate development since President TrumpDonald TrumpJulian Castro knocks Biden administration over refugee policy Overnight Energy & Environment — League of Conservation Voters — Climate summit chief says US needs to 'show progress' on environment Five takeaways from Arizona's audit results MORE took office, Eric TrumpEric TrumpMary Trump calls Donald Trump Jr. her 'stupidest' relative Eric Trump lawyer in New York attorney general's fraud case quits Eric Trump to speak at conference led by prominent anti-vaxxers MORE said in an interview with The New York Times.
Eric Trump, the president's second son, who now runs the Trump Organization along with his brother Donald Trump Jr.Don TrumpHow Trump uses fundraising emails to remain undisputed leader of the GOP Donald Trump Jr. joins Cameo Book claims Trump family members were 'inappropriately' close with Secret Service agents MORE, told the Times that his father's presidency has complicated the company's ability to strike new deals.
He also said that the Trump Organization had made the decision to focus on its own properties, rather than the new foreign deals that his father relished before taking office.
“We have the best properties in the world; they’re doing extraordinarily well,” Eric Trump told the Times. “And if we have to take a break for an eight-year period of time or a four-year period, then it is what it is.”
He did not provide details on the company's financial performance.
Since Trump took office, the Trump Organization has said that it will not pursue new foreign business as a way to avoid the appearance of conflicts. At the same time, the Times reported, the company is more carefully vetting deals in the U.S. so as to not get swept up in potential controversies.
Eric Trump told the Times that the company has also been more cautious in publicly announcing new deals and ventures.
“Making sure every “i’ is dotted and every ‘t’ is crossed and everything is perfect — does that kill deals? One hundred percent,” he said. “Is it the right thing to do when your father is commander in chief, 100 percent it is. Will we have to do it the day he is out of office? No we won’t.”