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Trump Sold Stock and Bond Holdings in June, Spokesman Says

  • Wayne Lee

FILE - US President-elected Donald Trump is displayed on a television screen with the curve of the German stock index DAX in background at the stock market in Frankfurt, Germany, Nov. 9, 2016.

A transition team spokesman for Donald Trump said Tuesday the president-elect sold all of his stock holdings in June, a move that could ease conflict-of-interest concerns.

During a morning telephone conference call with reporters, spokesman Jason Miller was asked about Trump's holdings of Boeing shares after the president-elect criticized the aerospace company for what he said were rising costs to build a new version of Air Force One, the aircraft that future American presidents will fly on.

"The president-elect sold all of his stock back in June," Miller said. Miller subsequently clarified that the billionaire real estate mogul sold all of his stock holdings, and not just those of the aircraft manufacturer.

Documents filed in May to the U.S. Office of Government Ethics showed Trump held positions in about 150 stock and bond investments. Shares of Boeing were among his investments, as were a number of large banks and oil companies. The filing showed his stock and bond investments were worth some $40 million.

Trump was invested in other companies with business pending before the U.S. government, meaning the companies are in the position to have their value increase in reaction to Trump's decisions as commander-in-chief.

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