The plan bans new deals between the Trump Organization and foreign governments − but not foreign businesses, as had been the case in the first Trump administration. It also outlines a review process for several transactions that meet a certain threshold like purchases over $10 million or leasing more than 40,000 square feet of real estate space.

The Trump family business has agreed to a voluntary ethics agreement that would ban it from striking direct deals with foreign governments after inauguration, but would give it a free hand to pursue v

The Trump Organization on Friday announced that President-elect Donald Trump will be walled off from the day-to-day management of his privately held company. Unlike in 2017, Trump's company is not agreeing to a blanket stop on new foreign business transactions.