February 26, 2019 12:15 PM The Trump International Hotel in Washington, DC. NEW YORK: The Trump Organisation’s profit from foreign governments rose 26% last year, the company said Monday. Spending by foreign dignitaries, embassies and other government representatives produced US$191,538 in net income for President Donald Trump’s family business, according to Eric Trump, his son and company executive vice president.
The company announced this month that it was abandoning plans to start two new domestic hotel chains, blaming controversy over the president. “We live in a climate where everything will be used against us, whether by the fake news or by Democrats who are only interested in Presidential harassment and wasting everyone’s time,” Eric Trump said in a statement at the time.