In August 2017, Trump pardoned former sheriff Joe Arpaio, who was awaiting sentencing for contempt of court in a class action that alleged racial profiling. In March 2018, he pardoned former Navy sailor Kristian Saucier, who had been found guilty of taking classified photographs of a submarine. In April 2018 he pardoned Scooter Libby, a political aide to former Vice President Dick Cheney. Libby had been convicted of obstruction of justice, perjury and making false statements to the FBI. In May 2018 he granted a posthumous pardon to Jack Johnson, a black boxer who had been convicted in 1913 for traveling across state lines with his white girlfriend. In June 2018 he pardoned conservative commentator Dinesh D'Souza, who had made illegal political campaign contributions. That month he also commuted the life sentence of Alice Marie Johnson, a non-violent drug trafficking offender, following a request by celebrity Kim Kardashian. In February 2020, Trump pardoned white-collar criminals Michael Milken, Bernard Kerik, and Edward J. DeBartolo Jr., and commuted former Illinois governor Rod Blagojevich's 14-year corruption sentence.
Trump has often said he began his career with "a small loan of one million dollars" from his father, and that he had to pay it back with interest. In October 2018, The New York Times reported that Trump "was a millionaire by age 8", borrowed at least $60 million from his father, largely failed to reimburse him, and had received $413 million (adjusted for inflation) from his father's business empire over his lifetime. According to the report, Trump and his family committed tax fraud, which a lawyer for Trump denied. The tax department of New York said it is "vigorously pursuing all appropriate avenues of investigation" into it. Analyses by The Economist and The Washington Post have concluded that Trump's investments underperformed the stock market. Forbes estimated in October 2018 that the value of Trump's personal brand licensing business had declined by 88% since 2015, to $3 million.
More InfoTrump has often said he began his career with "a small loan of one million dollars" from his father, and that he had to pay it back with interest. In October 2018, The New York Times reported that Trump "was a millionaire by age 8", borrowed at least $60 million from his father, largely failed to reimburse him, and had received $413 million (adjusted for inflation) from his father's business empire over his lifetime. According to the report, Trump and his family committed tax fraud, which a lawyer for Trump denied. The tax department of New York said it is "vigorously pursuing all appropriate avenues of investigation" into it. Analyses by The Economist and The Washington Post have concluded that Trump's investments underperformed the stock market. Forbes estimated in October 2018 that the value of Trump's personal brand licensing business had declined by 88% since 2015, to $3 million.
More InfoFixer Roy Cohn served as Trump's lawyer and mentor in the 1970s and 1980s, with a 13-year relationship. According to Trump, they were so close that Cohn sometimes waived fees due to their friendship. In 1973, Cohn helped Trump counter-sue the United States government for $100 million over its charges that Trump's properties had racial discriminatory practices; in 1975 an agreement was struck for Trump's properties to change their practices. It was Cohn who introduced political consultant Roger Stone to Trump, who enlisted Stone's services to deal with the federal government.
More InfoTrump is a skeptic of multilateral trade deals, as he believes they indirectly incentivize unfair trade practices that then tend to go unpoliced. He favors bilateral trade deals, as they allow one party to pull out if the other party is believed to be behaving unfairly. Trump favors neutral or positive balances of trade over negative balances of trade, also known as a "trade deficit". Trump adopted his current skeptical views toward trade liberalization in the 1980s, and he sharply criticized NAFTA during the Republican primary campaign in 2015. He withdrew the U.S. from the Trans-Pacific Partnership (TPP) negotiations, imposed tariffs on steel and aluminum imports, and launched a trade war with China by sharply increasing tariffs on 818 categories (worth $50 billion) of Chinese goods imported into the U.S. On several occasions, Trump has said incorrectly that these import tariffs are paid by China into the U.S. Treasury.
More InfoIn June 2018 the New York attorney general's office filed a civil suit against the foundation, Trump himself, and his adult children, asking for $2.8 million in restitution and additional penalties. In December 2018, the foundation ceased operation and disbursed all its assets to other charities. The following November, a New York state judge ordered Trump to pay $2 million to a group of charities for misusing the foundation's funds, in part to finance his presidential campaign.
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