The PGA has canceled their tournament on their golf course. The banks say they will no longer lend him. New York is seeking to end its contract to operate the Central Park ice rink.
Shots to the business empire of US President Donald Trump since the deadly riots on the US Capitol is part of a liberal “cancellation culture,” his son, Eric, told The Associated Press on Tuesday, saying his father would leave the presidency with a powerful brand supported by millions of voters who will follow him “to the ends of the earth”.
“We live in the age of cancellation culture, but it’s not something that started this week. It’s something that they have been doing to us and others for years, ”said Trump, who, along with his brother, Donald Jr., has run the family business since their father took office there. four years. “If you don’t agree with them, if they don’t like you, they try to cancel you.”
The remarks in a lengthy AP interview come in the midst of a extraordinary backlash against the Trump Organization after thousands of the president’s supporters stormed the Capitol last week in a violent riot aimed at preventing lawmakers from confirming Joe Biden’s victory in the presidential election.
Amid the accusations Trump has instigated in the crowd, the Professional Golfers Association of America (PGA) voted to withdraw its championship of the same name from the golf course in Trump’s Bedminister, New Jersey next year; a British golf organization has said the British Open will not be played on Trump property in “the foreseeable future”; e-commerce company Shopify has stopped helping run the online Trump Store; and New York announced that it was seeking to cancel contracts with Trump for ice rinks and a golf course in the Bronx.
“The president has instigated a rebellion against the government of the United States, a clearly unconstitutional act,” said New York Democratic Mayor Bill de Blasio. “It’s unforgivable.”
And potentially most troubling of all, several banks, including one of Trump’s biggest lenders, Deutsche Bank, have reportedly said they will no longer lend to his business, raising hopes that the president may have to dig into his own pockets to pay off his loans if he can’t refinance.
“We have seen the President of the United States encourage rioters and refrain from calling the National Guard to protect Congress in the line of duty,” said a bank that severed ties, Signature Bank of New York, once so close to Trump that she put her daughter Ivanka on board.
Eric Trump looked unfazed but combative as he spoke by phone from his office in Trump Tower. He dismissed the successes as not being a big threat to a company that has minimal debt – $ 400 million against billions in assets – and can still mine its vast real estate for cash, let alone the allegiance of those who stick to the president.
“You have a man who would be followed to the ends of the earth by a hundred million Americans,” said Eric Trump. “He created the greatest political movement in American history and his opportunities are endless.”
Despite this optimistic assessment, the limited data available for Trump’s private company suggests that the Trump organization’s golf properties, as well as other parts of its business, may be struggling.
Its two Scottish golf courses have been losing money for years; he had to lay off more than 1,000 workers last year due to the coronavirus; condo prices in Trump’s residential buildings have fallen sharply; and the company failed in its plans to sell one of its most famous properties, the Trump International Hotel in Washington, DC.
A person who does business with members of Trump’s Golf Club in Bedminster said several members are considering freezing their membership after the Capitol riots and it would be difficult to get new members.
“They don’t want to be ashamed publicly for being a member of his golf club,” said the person, who requested anonymity because he doesn’t want to lose his clients’ business. “Do you think a guy who works for a financial company or a pharmaceutical company wants to see his picture in the newspaper?”
With his father, Eric Trump spoke to the crowd on January 6 before many of them rushed to the Capitol, push through barriers, attack police, vandalize the building and kill five people.
“Have a certain backbone. Show a little fighting. Learn from Donald Trump, ”Eric Trump said before urging them to“ walk on Capitol Hill ”.
President Trump said on Tuesday during a visit to the border wall in Texas that he was not responsible for instigating the insurgency and warned that efforts to impeach him because of his comments only threatened to further divide the country, “which is very dangerous”.
When asked directly in his interview if he felt his father was inciting the crowd, Eric Trump paused and then the line stopped.