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Mayor De Blasio Torches Trump Organization as NYC Cancels All Contracts with Group

The move could set the Trump Organization back millions of dollars per year.

Cancel culture has reached the White House this week, as President Donald Trump finds himself with fewer and fewer opportunities for his post-Washington endeavors.

In the days after a violent uprising at the US Capitol, social media giants Facebook and Twitter took stern action against the President, followed this week by YouTube.

In addition, Deutsche Bank and other lenders have suggested that they will stop doing business with Trump and his family, even going so far as to close several accounts linked to the President.

Trending: Trump Pardons Could Point to Future Plans for No. 45

Now, New York City is announcing that they will be canceling all of the contracts that they’ve had with the Trump Organization – something that could cost the group millions of dollars per year.

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New York City will terminate business contracts with President Donald Trump after last week’s insurrection at the U.S. Capitol, Mayor Bill de Blasio announced Wednesday.

“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.

De Blasio said 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 city can legally terminate a contract if the leadership of a company is engaged in criminal activity, the Democratic mayor said. “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,” he said.

The move comes on the same day that President Trump is likely to be impeached again, this time for “inciting and insurrection” against the US government.

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