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Trump attack on Biden highlights president's own past dealings with China
Trump Organisations far-flung real estate business has involved dealings with Chinese state-owned firms on several occasions
Julian Borger in Washington
Sat 25 Apr 2020 10.02 EDT
Donald Trump has a share in a New York property development that borrowed tens of millions of dollars from China, it was reported on Friday.
The debt derived from a 30% share the US president owns in a billion-dollar building on the Avenue of the Americas in Manhattan, which was refinanced in 2012 with $211m of the funding coming from the state-owned Bank of China, Politico reported on Friday.
However, the Bank of China said it had sold the loan in the commercial mortgage-backed securities (CMBS) market less than a month after the loan was made, and so Trump was not even indirectly indebted to the bank.
But the Trump Organisations far-flung real estate business has involved dealings with Chinese state-owned firms on several occasions, complicating Trumps emerging election strategy of portraying his Democratic opponent, Joe Biden, as being soft on China. In a briefing on Saturday, Trump said that China will own the United States if Biden was elected in November.
More:
https://www.theguardian.com/us-news/2020/apr/24/donald-trump-bank-of-china-debt-report
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Trump attack on Biden highlights president's own past dealings with China (Original Post)
Judi Lynn
Apr 2020
OP
Ivanka was awarded preferential trademarks on COFFINS in China in 2018. . . . nt
Bernardo de La Paz
Apr 2020
#2
SheltieLover
(57,073 posts)1. K&R
Always projecting.
Bernardo de La Paz
(48,939 posts)2. Ivanka was awarded preferential trademarks on COFFINS in China in 2018. . . . nt
MurrayDelph
(5,291 posts)3. Moscow Mitch's sister-in-law
was appointed to the board of that bank a couple of days after Trump "won" the election.