Donald Trump Jr. and Eric Trump reportedly hold ownership interests in a participating company.

By World Israel News Staff

Business ties involving the families of President Donald Trump and Commerce Secretary Howard Lutnick are raising concerns due to their reported connections to a $1.6 billion mining project in Kazakhstan that received support from the Trump administration.

According to a report by The New York Times, the project centers on developing one of the world’s largest untapped tungsten deposits in Kazakhstan, a mineral considered strategically important for defense, aerospace and advanced manufacturing industries.

One of the companies involved in the venture is Dominari Securities, which reportedly holds a 20 percent stake in Kaz Resources, the company contracted to carry out the project. Dominari Securities is headquartered in Trump Tower in New York and is partially owned by President Trump’s eldest sons, Donald Trump Jr. and Eric Trump.

The report also highlighted the involvement of investment firm Cantor Fitzgerald, which helped an investor working with Dominari raise approximately $210 million in financing for the project. Howard Lutnick served as Cantor Fitzgerald’s CEO before joining the Trump administration, while his sons, Brandon Lutnick and Kyle Lutnick, now hold senior leadership positions at the firm.

In a statement to the New York Post, White House spokesman Kush Desai rejected any suggestion of improper conduct.

“The only special interest guiding the Trump administration’s decision-making is the best interest of the American people,” Desai said.

“Securing and reshoring America’s critical supply chains has been a top priority for President Trump, and Secretary Lutnick along with the rest of the Administration continue to take historic action to safeguard America’s national and economic security.”

Kaz Resources, the American company ultimately awarded the contract by the Kazakh government, reportedly received strong backing from Lutnick during the bidding process.

The company’s CEO, Pini Althaus, also told the newspaper that President Trump personally helped finalize the agreement during meetings with Kazakh President Kassym-Jomart Tokayev in New York, ensuring that Kaz Resources secured the contract.

At the same time, Althaus denied having any knowledge of the Trump family’s financial interest in Dominari.

“I can see how the optics might be disturbing to some people, but that’s unfortunate because this company and this project goes way beyond any one president, let alone any family,” he told the Times.

Althaus also said he never met Donald Trump Jr. or Eric Trump and was unaware of their reported ownership stake in the company while negotiations were taking place.

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After his trip to Hungary, Prime Minister Netanyahu arrived in Washington to meet with President Trump, discussing the tariffs imposed on Israel, the ongoing threat from Iran and the hostages still held in Gaza.

Netanyahu Arrives in Washington for high-stakes US visit amid trade, security tensions

REPORT | @JoshMarks78
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— Jewish News Syndicate (@JNS_org) April 7, 2025

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If confirmed by the Senate, he would oversee the agency focused on U.S. economic growth and promoting domestic industries.

By Blake Mauro, The Washington Free Beacon

President-elect Donald Trump is expected to tap Wall Street financier Howard Lutnick to lead the Commerce Department, the Wall Street Journal reported.

Lutnick, chair and CEO of the financial services firm Cantor Fitzgerald, is currently serving as co-chair of the Trump transition team.

The Jewish Republican publicly endorsed the president-elect’s proposed tariffs on U.S. imports, which he would have a key role in implementing as commerce secretary.

If confirmed by the Senate, he would oversee the agency focused on U.S. economic growth and promoting domestic industries.

Trump considered Lutnick to lead the Treasury Department, but investor Scott Bessent has since emerged as a leading contender, according to the Journal.

Lutnick, a major donor to Zionist causes, said he joined Trump’s campaign primarily because of the former president’s support for Israel and his response to Hamas’s Oct. 7 attacks.

“He had clear, moral clarity when it came to Israel and what happened, and the way that he thought about what happened,” Lutnick told the Philadelphia Inquirer last month. “That was huge to me.”

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