Trump family business faces post-election reckoning: WSJ
  • 3 years ago
트럼프 부도맞나…퇴임 후 기다리는 건 가족사업 재정난

President Trump will reportedly return to being a businessman after President-Elect Joe Biden takes office in January.
And once he does, he may face some of the worst financial challenges seen by his family business.
For more on this and other news from around the world, we turn to our Lee Kyung-eun.
Kyung-eun, tell us the details.
Mok-yeon, President Trump's biggest concern will be debt.
According to The Wall Street Journal, the Trump Organization has more than 4-hundred million dollars of debt looming in the next few years.
It added that borrowing more money will not be easy,... as many lenders have indicated concerns about doing business with Trump.
At this point, the organization says,... the focus will be on growing the brand overseas.
But that's also going to highly difficult.
Especially in China,... where distrust prevails in the market due to his trade war with Beijing.
And in Europe, some of the Trump trademarks have been eliminated by legal challenges.
So, the organization is selling off several properties to avert a borrowing crisis,... including a hotel and two skyscrapers.
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