Trump Jr.'s defense crumbles as  'remarkable non-answer' exposed in dubious $500M deal

Donald Trump Jr. had no valid excuse when trying to defend the crypto firm he helped found taking in a $500 million investment from a company tied to the United Arab Emirates, David Kirkpatrick of The New Yorker told CNN's Jake Tapper on Wednesday.

This comes after the firm, World Liberty Financial, issued a statement to CNN denying any link between the Emirati investment and a controversial agreement to render chips to the Middle Eastern country.

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"Yeah, it was a remarkable non-answer," said Kirkpatrick. "You know the question is, did the president know that four days before the inauguration, he had just received a huge financial payment from the Emiratis, an investment that is so hard to value. It looks very much like a gift that ... would constitute a conflict of interest. And he didn't really speak to that."

Besides that, Kirkpatrick said, it raises red flags that the deal "wasn't disclosed."

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