Last updated: April 24, 2020 — From close neighbors in Latin America to European allies in the fight against the Islamic State, Donald Trump has international entanglements like no previous commander in chief. Each of the president's business endeavors, critics say, offers an opportunity for foreign leaders and other actors to unduly influence U.S. policy through emoluments — or potentially, even extortion.

Keeping track of Trump’s national-security conflicts of interest is no simple matter. Though some potentially profit-inflected decisions have already attracted critical scrutiny, others have surfaced only in the international press, and still others may remain hidden by the Trump Organization’s opaque operating style. Other potential conflicts have emerged from the circle of advisors and extended family orbiting the White House, including Trump’s eldest son, his daughter, and his son-in-law Jared Kushner.

And even though Trump has given his sons control of at least some businesses, the potential conflicts will remain unless and until he creates a blind trust for his assets, legal ethics and national security experts say. The current arrangement falls far short of the mark; the president continues to receive reports on his company’s profitability, and can withdraw money or assets or revoke the trustees’ authority at any time. Shortly after taking office, Trump vowed to donate to the U.S. Treasury the portion of his business revenue that comes from foreign governments, a promise his lawyers quickly walked back. Still, in February, the Trump Organization cut the the U.S. government a $151,470 check, providing no details about who paid how much and for what.

Foreign governments have taken notice. A number of them have found ways to do favors for Trump’s projects in their countries. At least 11 foreign governments paid Trump-owned entities during his first year in office.

What follows is an accounting of Trump’s overseas financial interests, gleaned from open-source reporting, including the financial disclosure forms he filed as a presidential candidate in May 2016 and as president in June 2017. Released by the Office of Government Ethics and Federal Election Commission, these forms are light on details but provide broad estimates of Trump’s assets, income, and debt for the year ending May 2017, and the year before. Trump filed his 2018 disclosure on May 15; it could take several weeks for details to be made public.

We will update this article as information comes to light about Trump’s interests, including projects that are being cancelled or moving ahead.

More on our methodology here.

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