The US President Donald Trump continues to get himself into legal trouble, causing political uncertainty on the financial markets. This time around his issue pertains to possible corruption allegations and conflicts of interest.
By law the President of the United States must give up their previous occupation and focus on running the country. Nevertheless, Trump has continuously refused to detach himself from his family business and has in the past attempted to involve many members of his family in politics, somewhat blending the distinction between his business and his office.
A lawsuit has been filed against the President that claims he has violated the law by accepting funds and gifts from abroad without following the proper approval channels. It is believed that Trump looks favorably towards investors who support his private ventures and gives them an unfair advantage in political matters (rather than simply doing business with them).
Trump is still being investigated in terms of the possible involvement of Russian hackers in his election. Furthermore, he is also in legal trouble because he has refused to release his tax returns, which is mandatory for public officials. Even now with this case, although he is being sued as a business owner, he has claimed legal immunity as a President.
