WASHINGTON President-elect Donald Trump announced Wednesday that he will not sell his global hotel chain, will continue to accept reservations paid for by foreign governments and will donate all profits from those bookings to the U.S. Treasury.

But ethics experts say that doing so fails to create even the semblance of a wall between the Trump Organization and the Office of the Presidency. On the contrary, it simply entangles Trumps business with the U.S. government and ensnares the American taxpayer as an unwitting partner in his hotels.

Instead of demonstrating an appropriate arms length between Trumps businesses and his presidency, he has constructed a stunt that links the two, said John Wonderlich, executive director of the nonprofit Sunlight Foundation.

The emoluments clause of the U.S. Constitution prohibits anyone holding any Office from accepting any present, emolument, office, or title, of any kind from a foreign state. It also prohibits the acceptance of gifts or emoluments from foreign governments.

Many ethics experts believe that to truly comply with those restrictions, Trump would have to sell his stake in all of his companies and put the proceeds from the sale in a blind trust for the duration of his presidency. In that way, no one, especially not a foreign government, could make him richer by buying things from his companies.

All previous presidents in the modern era have sold their business interests before they assumed the office. But Trump thinks he has developed a workaround: He will donate all profits from foreign government payments made to his hotels to the United States Treasury, his outside lawyer Sheri Dillon announced at a press conference Wednesday.