Trump buys more than $100 million in bonds in office, disclosure shows

Reuters
Aug 20
Trump buys more than $100 million in bonds in office, disclosure shows

WASHINGTON, Aug 20 (Reuters) - U.S. President Donald Trump has bought more than $100 million in company, state and municipal bonds since taking office in January, his disclosures showed this week.

The forms, posted online on Tuesday, show the billionaire Republican president made more than 600 financial purchases since January 21, the day after he was inaugurated for his second term in the White House.

The August 12 filing from the U.S. Office of Government Ethics does not list exact amounts for each purchase, only giving a broad range.

They include corporate bonds from Citigroup C.N, Morgan Stanley MS.N, and Wells Fargo WFC.N, as well as Meta META.O, Qualcomm QCOM.O, The Home Depot HD.N, T-Mobile USA TMUS.O and UnitedHealth Group UNH.N.

Other debt purchases include various bonds issued by cities, states, counties and school districts as well as gas districts, and other issuers.

The holdings cover areas that could benefit from U.S. policy shifts under his administration.

Trump, a businessman-turned-politician, has said he has put his companies into a trust managed by his children.

His annual disclosure form filed in June showed his income from various sources still ultimately accrues to the president - something that has opened him to accusations of conflicts of interest.

The White House on Wednesday did not immediately respond to a request for comment.

(Reporting by Susan Heavey and Trevor Hunnicutt; Editing by Sharon Singleton)

((sheavey@thomsonreuters.com; +1-202-898-8300;))

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