Taoyuan Mayor Cheng Wen-tsan confirmed rumors that U.S. President-elect Donald Trump was considering building luxury hotels and resorts in Taiwan’s Taoyuan City, according to media reports Wednesday.
A woman working for the Trump Organization came to Taoyuan in September, declaring the company’s investment interest in Taiwan’s Taoyuan Aerotropolis, a large urban planning development project surrounding the Taiwan Taoyuan International Airport.
However, given the megaproject plan is still under review, the meeting was merely a form of gesture, the mayor said, according to media reports.
Reports also said the meeting suggested that Eric Trump, the son of the President-elect, will come to Taiwan personally to see about the potential business opportunity by the end of the year.
Trump had in the past pledged to separate his economic interests from presidential responsibilities, were he elected. In a campaign event back in January, the business tycoon said that he would hand over control of his enterprises to his family members.
"If I become president, I couldn't care less about my company. It's peanuts," he said during a campaign event in January. “I have Ivanka, Eric, and Don sitting there. Run the company kids, have a good time.”
However, there is no law requiring the president of the United States to do so, leading many to believe that Trump’s massive business empire would make him more prone to conflict of interest than any other president in American history.