Ilham Aliyev

Trump backs out of real estate projects around the world, but that may not be enough to avoid conflicts

Trump backs out of real estate projects around the world, but that may not be enough to avoid conflicts

The Trump hotel in Baku, Azerbaijan, would be “among the finest in the world,” Donald Trump promised two years ago, another example of “our involvement in only the best global development projects.”

But the dream of a world-class Trump Baku died this month, with Trump saying he was backing out of the deal because of delays and blown deadlines caused by the developer, a 34-year-old with close family connections to the country’s government.

The demise of Trump Baku is not an isolated decision. With his inauguration less than a month away, President-elect Trump’s company has pulled out of a few international business deals that might have created especially...

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