(ETH) – A new report is revealing that New York City has announced that it will now terminate all business contracts with President Donald Trump following last week’s insurrection at the U.S. Capitol, according to Mayor Bill de Blasio.
“I’m here to announce that the city of New York is severing all contracts with the Trump Organization,” de Blasio said in an interview on MSNBC. This comes as De Blasio stated that the Trump Organization earns about $17 million a year in profits from its contracts to run two ice skating rinks and a carousel in Central Park as well as a golf course in the Bronx.
The report from the AP, states that NYC can legally terminate a contract if the leadership of a company is engaged in criminal activity. “Inciting an insurrection — let’s be very clear, let’s say the words again — inciting an insurrection against the United States government clearly constitutes criminal activity,” according to the mayor.