In a tweet late at night, Trump insisted that the law did not prohibit him from running his businesses, but he felt it may conflict with the presidency.
"Even though I am not mandated by law to do so," said Trump in a series of tweets. "I will be leaving my businesses before January 20th so that I can focus full time on the Presidency. Two of my children, Don and Eric, plus executives, will manage them. No new deals will be done during my term(s) in office."
But experts believe that the first silver lining in this ethical battle between Trump and his business is that he said he or his company would not do any new deals during his time. But the most practical question how would his companies survive without new deals. Real estate is a very deal-oriented landscape, and there is a need to reevaluate the contracts and create new ones regularly.
Trump has been receiving immense pressure to step away from his business many citing political-business conflicts. But Trump said that people knew that he was a businessman and still elected him. The new he would still have this business while in office and, therefore, he believes that this is not a big deal.