Donald Trump and Commerce Secretary Howard Lutnick struck a self-enriching deal with Kazakhstan’s president, giving a group of American investors with ties to the Trump and Lutnick families access to one of the world’s largest reserves of tungsten. Donald Trump Jr. and Eric Trump’s investing firm took a 20% stake in a corporate entity related to the Kazakhstan project, and Lutnick’s family helped one of the lead investors work on a deal to raise $210 million in new capital for a related entity.
In response, DNC Rapid Response Director Kendall Witmer released the following statement:
“Donald Trump, his family, and his administration are corrupting the presidency. While everyday Americans are drowning under the weight of Trump’s cratering economy, the president’s orbit is using the Oval Office to line their pockets — the magnitude of which grows every week. The American people deserve a transparent and honorable administration that is working to better the lives of everyday Americans, not trying to make their lives harder.”
The Trump family’s net worth continues to explode by hundreds of millions of dollars, as they engage in extensive amounts of self-dealing while Americans struggle to make ends meet. Trump made more than 3,600 stock trades in the first quarter of 2026 alone, potentially valued at more than $100 million, and Trump, his sons, and his family’s business filed a lawsuit against the Internal Revenue Service and Treasury Department, seeking $10 billion of taxpayer dollars.
