I can't find the part about existing businesses.
“I have a little conflict of interest because I have a major, major building in Istanbul…Two towers, instead of one,†Trump said at the time. “Not the usual one, it’s two. And I’ve gotten to know Turkey very well.†-Trump
It’s been tested in court over and over again. George Washington even leased part of his orchard lands to the British
after he was in office.
Emoluments clause does not apply to existing businesses.
