Data: The Trump Organization. Note: The Serbia tower project isn't listed on The Trump Organization website, but recently gained political approval. Map: Erin Davis/Axios Visuals
Protests in Serbia last week over a planned Trump Tower in Belgrade were just the latest example of the president's business empire rubbing up against U.S. foreign policy.
Why it matters: Officially, the president has handed management of his real estate portfolio to his sons. But for some governments around the world, it may be hard to entirely separate Trump's business from Trump himself.