General
New York City joins PGA, major banks in cutting ties with Trump Organization after Capitol riot
New York City will terminate business contracts with President Donald Trump after last week’s riot at the US Capitol, Mayor Bill de Blasio announced.
Key points:
- New York Mayor Bill de Blasio said the city was “severing all contracts” with Donald Trump’s company
- Major banks and golfing organisations have also announced they will cut ties with the President
- Limited available data suggest parts of Mr Trump’s businesses are struggling
The Trump Organization is under city contract to operate the two ice rinks and a carousel in Central Park as well as a golf course in the Bronx and profits about $17 million a year from those sites, Mr de Blasio said on Wednesday.
“I’m here to announce that the city of New York is severing all contracts with the…
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