Trump Records Shed New Light on Chinese Business Pursuits
Source: New York Times
By Mike McIntire, Russ Buettner and Susanne Craig
Oct. 20, 2020, 7:31 p.m. ET
President Trump and his allies have tried to paint the Democratic nominee, Joseph R. Biden Jr., as soft on China, in part by pointing to his son’s business dealings there.
Senate Republicans produced a report asserting, among other things, that Mr. Biden’s son Hunter “opened a bank account” with a Chinese businessman, part of what it said were his numerous connections to “foreign nationals and foreign governments across the globe.”
But Mr. Trump’s own business history is filled with overseas financial deals, and some have involved the Chinese state. He spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership with a major government-controlled company.
And it turns out that China is one of only three foreign nations — the others are Britain and Ireland — where Mr. Trump maintains a bank account, according to an analysis of the president’s tax records, which were obtained by The New York Times. The foreign accounts do not show up on Mr. Trump’s public financial disclosures, where he must list personal assets, because they are held under corporate names. The identities of the financial institutions are not clear.
Read more: https://www.nytimes.com/2020/10/20/us/trump-taxes-china.html?smid=tw-share
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Goddammit! Mitch McConnell, step out of the way so that law enforcement can arrest the emperor!
In 2017, the company reported an unusually large spike in revenue — some $17.5 million, more than the previous five years’ combined. It was accompanied by a $15.1 million withdrawal by Mr. Trump from the company’s capital account.
That's what auditors call a smoking gun. Might want to pull the detail on those two transactions.
