Billionaire investor Steve Schwarzman’s newfound status as a trusted outside adviser for President Donald Trump has created blurred lines in which the Blackstone CEO is offering guidance on policies that could boost the fortunes of his company and his personal wealth.The starkest example was Trump’s reversal last week on labeling China a currency manipulator — a central campaign pledge that could have dealt a major blow to U.S.-China relations.
Trump’s Reliance On Billionaire Adviser Blurs Ethics Lines
jdawsey@politico.com (Josh Dawsey), Politico
Tue, 04/18/2017 - 3:17pm
Topics: steve schwarzman s president donald u.s u.s china feb securities exchange commission u.s congress justice department s office legal counsel robert weissman public citizen carl icahn rudy giuliani richard lefrak chinese president xi jinping s manhattan christine anderson mr schwarzman the white house president barack obama jeff immelt general president's council jobs competitiveness policy forum december palm beach four winds florida mar-a-lago wayne berman reince priebus steven mnuchin republicans americans rhodes scholarship u.k wall street journal u.s mexico schwarzman schwarzman schwarzman schwarzman s trump blackstone china u.s north korea ceo it chinese weissman american icahn white house electric berman billionaire adviser ethics lines official company trade personal advice tariffs warned investors administration corporate goods country campaign executive international government currency tax companies interest business top familiar filing federal wealth private gain regulatory including investor foreign relations week extensive talk reversed tough acting expert major people portfolio adversely officials future current carried legislation conversations subject agreements impact calls owns program imported range frequent trail topics person manipulating close asked
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