Administration

Trump: I sold stocks months ago because I expected to win

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President-elect Donald Trump says he sold off all his stock holdings months before Election Day because he expected to win.

“I felt I was very much going to be winning, and I felt I had a tremendous, really, conflict of interest owning all of these different companies. I had a lot of different stocks before then too. What I did is I sold them,” he told NBC’s Matt Lauer on “Today” Wednesday.

{mosads}“I don’t think it’s appropriate for me to be owning stocks when I’m making deals for this country that maybe will affect one company positively and one company negatively. I just felt it was a conflict.”

Trump sold his entire stock holdings last summer, a spokesman said Tuesday in response to concerns about possible conflicts of interest in his White House.

“The president-elect sold of all of his stocks back in June,” Jason Miller said when asked about Trump’s holdings in Boeing. Trump extensively criticized the company Tuesday, and he had tweeted years earlier about buying stock in it.

Trump’s critics have pointed to the billionaire’s holdings, including the vast business empire that he has suggested will be run by his children, as potential conflicts of interest.

The president-elect is not barred from bringing his portfolio into office, although the law requires he disclose stock transactions of more than $1,000 within six weeks’ time. Trump must also file yearly disclosures once in office, so his next filing, which would confirm the June sale, won’t come until 2018.

Tags Business Donald Trump Politics Republicans Stock market
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