Trump’s challenge - Nomura

Analysts at Nomura explained the likely challenges he will face as a novice politician.

Key Quotes:

"One is that he will likely have to rely on more experienced politicians despite his antiestablishment platform. Second, his business interests could conflict with his role as
President and so leave him open to a number of lawsuits, which could divert his attention from governing the country. While there are Federal rules that prohibit members of
Congress and the Cabinet from involving themselves in government affairs that affect their financial interests, these do not apply to the President. However, the US
constitution does contain the Emoluments Clause in Section 9 of Article I:

“no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever,
from any King, Prince, or foreign State”

Legal experts view this as preventing a US President from receiving any significant benefits (via their business holdings) from foreign governments or foreign government owned
companies. Given Mr Trump’s international business empire, this could form the basis of legal challenges. So as well as trying to understand the likely policies to be enacted by Mr Trump, we also need to be aware of the possibility of the President-elect being tied up in legal cases – much like Silvio Berlusconi was."