Donald Trump Jr says father's election caused his firm millions of dollars

Donald Trump Jr on Tuesday said that his father, Republican Donald Trump's, election as the United States President has cost the Trump Organization millions of dollars in "opportunity cost." Trump Jr reportedly made the statement during his visit to India to promote Trump Tower condos in the country.

Trump Jr. said that the Trump Organization — a real estate firm owned by the Trump family — is reportedly not signing fresh deals with business partners outside of America as long as Donald Trump remains in office. The president's son said that the deals are not being signed in an effort to avoid any possible ethical conflicts, according to the Times of India.

Donald Trump Jr. (C) arrives at the Senate Hart Office Building for a closed-door meeting with Senate Intelligence Committee December 13, 2017 on Capitol Hill in Washington, DC. (Getty Images)

"We are refraining from doing new deals while my father is in office. We are turning down deals worth hundreds of millions of dollars around the world,'' Trump Jr. said, who is on a week-long visit to India to launch projects which were signed before Trump's presidential election win. 

Trump Jr added that their organization has built a huge pipeline of deals through marketing and negotiations over a decade, however, they can not be signed at the moment.

United States President Donald Trump with his family. (Getty Images)

"It costs us quite a bit of money in terms of lost opportunity," Donald Trump Jr told TOI in an interview while adding that real estate firm has been eyeing India in the long term as it considers it a better place to do business than China.

As a businessman, I feel things here are substantially more above board... the mentality of the people is the same. I think there is probably a little bit more honesty. I am not a newcomer, I have seen changes during the last decade, certainly over the last couple of years," Trump Jr. added.

When he was asked whether the deals negotiated by the real estate firm, which are currently in the pipeline, would continue to remain when Donald Trump demits office, his son said he is doubtful about the projects if Trump stays on for long in the presidency.

Donald Trump Jr. is currently in India to launch some of the Trump Organization's projects. (Getty Images)

"If he remains in office for seven more years, I don't know whether those deals would remain on the table.'' Trump Jr. said while adding that he would use this period to build relationships with partners in India.

Reports state that President Trump's eldest son is scheduled to meet with Indian Prime Minister Narendra Modi at a business summit in New Delhi. 

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