“I have a little conflict of interest ’cause I have a major, major building in Istanbul,” Trump told Bannon during a Breitbart radio show. “It’s a tremendously successful job. It’s called Trump Towers—two towers, instead of one, not the usual one, it’s two.”
Those Trump Towers are a pair of glass buildings in Istanbul that have borne Trump’s name since 2012. Trump doesn’t own the buildings—the situation might be less complicated if he did. Instead, Trump licenses his brand to the building’s actual owner, Turkish business magnate Aydin Dogan, who has been described as the single largest payer of taxes in Turkey. He’s a one-time antagonist of Erdogan who is now in step with the strongman.
The conflict of interest and the way it could affect Trump’s position on important issues—or at least the perception of how it could affect his position—quickly became obvious after Trump made this comment. In June 2016, after Trump said he supported a ban on immigration by people from countries he said were associated with Islamic terrorism—he called them “terror countries”—Erdogan objected, and so did Dogan, and both threatened to remove Trump’s name from the buildings.
That’s no small threat—according to personal financial disclosures filed by Trump, since he launched his bid for the presidency, he has earned somewhere between $3.2 million and $17 million in royalties from the deal. (The amounts are given in ranges; the precise figures are unclear.)
Less than a month after the threat to remove his name was made, Trump very publicly voiced support for Erdogan when the Turkish leader faced a coup attempt. And his closeness with Erdogan has continued, even over the objections of some of Trump’s most reliable supporters. For instance, in May 2017, when Erdogan visited Washington, D.C., for a White House visit, Turkish agents violently attacked protesters outside the Turkish ambassador’s residence—shoving past local police officers to do so. Video showed Erdogan calmly watching the attack from his car. Although the House of Representatives, then under GOP control, voted 397-0 to condemn the attacks, Trump refused to do so. A few months later, Trump praised Erdogan, describing him as “a very good friend” and saying he gets “very high marks” for the way he runs Turkey.
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