There has been no shortage of radical leftists who have accused members of the Trump family of profiting off Donald Trump’s presidency, however, after his dad’s recent trip to China, Eric Trump has decided to take action by filing a lawsuit to get the allegations to stop. President Trump’s son revealed that he will be suing MSNOW, formerly known as MSNBC, and former White House Press Secretary and talk show host Jen Psaki.
The lawsuit follows implications made by Psaki that Eric accompanying his father to China was a conflict of interest and an opportunity to take advantage of a computer chip deal. During an episode of “The Briefing,” Psaki stated that ALT5 Sigma, a fintech company based in Las Vegas, for which Eric Trump once served as a board observer, is looking to secure a “potential deal with a Chinese computer chip manufacturer to build AI data centers and a whole bunch of other AI-related stuff” connected with China’s government.
In her show, she cited the Financial Times as her source for the information. Eric responded by emphatically denying her accusations and disputed her facts while announcing the forthcoming litigation. “I intend to sue @jrpsaki and @MSNOWNews over the below clip,” the president’s son stated in a post published on the social platform X, Breitbart News reported.
“To be clear: Contrary to her monologue and blatant lies, I have NEVER been on the board of ALT5 — not now, not ever,” he added. “Any person with basic access to Google and willing to open a company’s annual report or proxy statements would know this.” Later in the post, Trump said, “I have no involvement in any merger discussions involving any public entity I do not run or control.”
“I have zero business interest in China. No properties, no investments, nothing!” he explained. He then provided a reason for joining his dad on the trip. “I joined this trip for one reason: as a loving son who adores my father and wouldn’t miss being by his side for this incredible moment. During the bilateral talks @LaraLea Trump and I went to the Great Wall of China.”
Earlier in the week, Eric and Lara Trump were spotted with several other U.S. business leaders leaving Air Force One. The group included Tesla CEO Elon Musk, Apple CEO Tim Cook, BlackRock Chair and CEO Larry Fink, Boeing CEO and President Kelly Ortberg, Citi Chair and CEO Jane Fraser, Nvidia CEO Jensen Huang, and Goldman Sachs CEO David Solomon. “The president’s company has long been scrutinized during his two terms, with critics accusing Trump of using his time in office to enrich his family and their business interests,” the Hill reported.
During the Biden administration, former President Joe Biden’s troubled younger son, Hunter, accompanied him on several overseas trips and even reportedly financially benefited from relationships his dad built during state visits. The family’s substantial financial gains during Biden’s time in office were the subject of a House Oversight Committee investigation in 2022. The gains were a constant source of criticism by Donald Trump during his 2024 presidential campaign.
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