Trump Lost $40 Million on Golf Courses by Failing to Hedge Currency

  • Trump’s failure to hedge loans to his Scottish golf courses cost him tens of millions of dollars, say experts.
  • Accounts registered in the UK indicate that Trump issued loans from the US in British pounds.
  • The British pound has declined significantly in value, adding tens of millions to his already huge losses.
  • Sign up for the 10 Things in Politics daily newsletter.

Donald Trump’s international courses have racked up huge losses and rely on loans from various Trump-owned vehicles in the United States just to stay afloat.

However, the scale of Trump’s losses may be even greater than it first appears, with experts pointing out that Trump appears to have lost tens of millions of dollars more by failing to implement a very basic financial practice.

First, some context: Trump has two golf resorts in…

Read more…