SPONSORED:

Trump acknowledges coronavirus is hurting his family business

President TrumpDonald John TrumpMore than 300 military family members endorse Biden Five takeaways from the final Trump-Biden debate Biden: 'I would transition from the oil industry' MORE acknowledged Saturday that the coronavirus pandemic was hurting his family business. 

“I wouldn’t say you’re thriving when you decide to close down your hotels and your businesses,” Trump told reporters at the White House when asked about reports his Trump Organization properties were being adversely affected by the virus.

“I’m very unlevered in everything, so that’s good,” the president continued. “But is it hurting me? Yeah, it’s hurting me, and it’s hurting Hilton, and it’s hurting all of the great hotel chains all over the world.” 

ADVERTISEMENT

The COVID-19 pandemic has sickened nearly 20,000 Americans as of Saturday and forced businesses across the country to close. 

Trump noted that some businesses, such as Walmart, were doing well despite the outbreak but noted that those that are thriving are few in number. Asked if he or anyone in the administration had spoken to the Trump Organization about the potential impact of the coronavirus, Trump said he had spoken only to his sons but “not as it pertains to my business.” 

Trump passed control of the Trump Organization, which operates a number of buildings, golf clubs and hotels, just before he took office at the beginning of 2017. 

The Washington Post reported Friday that at least four Trump Organization properties had closed amid the coronavirus outbreak, and three hotels had laid off staff as a result of the pandemic.

The coronavirus has had a particularly harsh impact on the hospitality industry. Trump on Monday urged Americans to avoid bars and restaurants as well as nonessential travel. State and local officials in several areas have ordered restaurants and bars closed, and officials in California, Illinois and New York have told residents to shelter in place.

Trump said Saturday he had no plans to go at his Mar-a-Lago beach club in Palm Beach, Fla. — a property he has referred to as the “Southern White House” — and said he suspected the property had been shut down. Florida Gov. Ron Desantis (R) has ordered all restaurants and bars in the state to close.

Trump said he didn’t know if his company would seek government assistance amid the outbreak. Trump administration officials are currently negotiating with congressional leaders on an economic stimulus package to help American workers, small businesses and specific industries impacted by the virus.