Equities

G-7 summit to be held at Trump’s Doral resort in Miami in June


View of the clubhouse at the Trump National Doral Miami Golf Shop.Angel Valenti | The Washington Post | Getty ImagesThe 2020 G-7 summit of world leaders will take place at President Donald Trump’s golf property in Florida, the Trump National Doral Miami, White House acting chief of staff Mick Mulvaney announced on Thursday.Mulvaney said at a White House briefing that “it was almost like they built this facility” to host this type of event. And he fended off questions about whether hosting the summit of world leaders at the president’s own property would violate ethics rules, saying Trump would not profit. He said that the resort will host the event “at cost.” While Doral was not the only option, it was the best option, Mulvaney told reporters, saying the location will save “millions” of dollars. Mulvaney, who also serves as director of the Office of Management and Budget, declined to provide cost figures.Trump “doesn’t profit from being here, he has no interest in profiting from being here,” Mulvaney said. “Doral was by far and away, by far and away the best physical location,” he said. Mulvaney, who in recent weeks has come under scrutiny for his involvement in the Ukraine scandal being investigated by congressional Democrats, also responded to questions from reporters about whether hosting the event at Doral was the kind of abuse of power that Trump has tried to pin on former Vice President Joe Biden without evidence. “There’s no profit here, clearly there’s profit with the Bidens,” Mulvaney said.The event will be hosted June 10-12 of 2020. Trump has advocated that his property host the summit. “They love the location of the hotel, they also like the fact is it right next to the airport for convenience,” Trump said during the 2019 summit, which was hosted in Biarritz, France.Trump has also attended G-7 summits in Italy and Canada.The G-7, or Group of Seven, is an informal intergovernmental organization of seven countries, including the U.S. as well as Canada, France, Germany, Italy, Japan and the United Kingdom, which meets annually to discuss pressing global economic issues.The presidency of the G-7 rotates among the countries, and the United States will take the role in January 2020. This is breaking news. Check back for updates.

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