It was revealed that three trademarks for Ivanka Trump’s goods in China have been secured her on the same day she met the Chinese president Xi Jinping.
Conflict of interest concerns:
Serious concerns about conflict of interests have been raised as Ivanka, the daughter of Donald Trump, also acts as an advisor to the US president.
The Associated Press said that Ivanka’s company won temporary approval from Chinese authorities for three new trademarks, which gives her company monopoly rights to sell Ivanka brand jewelry, bags and spa services in the country.
These trademarks were given on the same day she dined with Xi at her father’s Mar-a-Lago resort, on April 6.
Young, aspiring people in China, which is a country with many second-generation rich, view Ivanka Trump with fascination. She has been able to increase her popularity after posting a video of her children singing in Mandarin for President Xi during the Florida summit.
On the Chinese Internet, the clip was able to generate more than two million views, as well as overflowing praise from local media.
Following her father’s election victory in November, Ivanka became one of the world’s most recognized faces, which translated into her brand booming globally.
The report from the AP said: “In addition to winning the approvals from China, Ivanka Trump Marks LLC applied for at least nine new trademarks in the Philippines, Puerto Rico, Canada and the US after the election.”
Ivanka has been shaping her political career from her West Wing office, along with her husband, Jarad Kushner, who is also a noticeable Trump advisor. They are both involved heavily in dealings with China.
Since their involvement in politics, the couple have claimed that they have taken a step back from their business interests, with Ivanka shifting her brand’s assets to a family-run trust.
An ethics issue:
Ivanka should try to distance herself more from her business, according to Richard Painter, who served as chief White House ethics lawyer under George W Bush. He told AP: “Put the business on hold and stop trying to get trademarks while you’re in government.”
Preventing copycat filings from being launched, commonly known as Trademark squatting, are common in China as businesses seek to protect their brand.
Also, no one has suggested that Ivanka is looking for instant business profit from the trademarks in China.
According to Ivanka’s representatives, she will not be involved in “business strategy, marketing issues, or the commercial terms of agreements.”
Kushner has also raised several questions over conflict of interest, as a report last month emerged stating that his family’s company was set to receive £330 million from a Chinese firm in a deal over a New York office tower.
But the talks have been ended by Anbang Insurance Group, the Chinese company involved.