Home International Trump records show Chinese business pursuits and bank account:

Trump records show Chinese business pursuits and bank account: NYT




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Donald spent years cultivating projects in China, where he maintained a previously unknown bank account, The reported Tuesday, as the US president attempts to portray election rival Joe as weaker on .

Trump has spent recent days promoting a murky claim that Biden’s son Hunter sold access to his father in and China when he was vice president under Barack Obama.

It is Trump, however, maintained an office in China during his first run for president, and partnered with a major government-controlled company, the Times reported.

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Trump additionally keeps a previously unknown bank account in China, controlled by Trump International Hotels Management, according to an analysis of his tax records by the paper. It is one of only three foreign nations — including and Ireland — in which he does so.

The tax records show the company “paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015,� the Times reported.

Trump Organization lawyer Alan Garten said the company had “opened an account with a Chinese bank having offices in in order to pay the local taxes.�

“No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive,� he told The Times. “Though the bank account remains open, it has never been used for any other purpose.�

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Under his “America First� banner, Trump has portrayed China as the greatest threat to the United States and global democracy.

He has launched a massive that has cost China billions of dollars, harangued Chinese tech firms and laid blame for the with Beijing.

Even so, in 2008 Trump attempted an ultimately unsuccessful office tower project in Guangzhou, and in 2012 he opened a Shanghai office, the Times said.

Additionally, Trump Hotel Collection (THC) negotiated with the State Grid Corporation of China — an electricity company, and the country’s largest state-owned enterprise — to brand and manage a major development in Beijing, sources told AFP. But the bid was later abandoned.

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Biden’s returns and financial dealings meanwhile show no business connection to China.


© Agence France-Presse


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