Trump’s Secret Chinese Bank Account Revealed
Donald Trump is continually trying to smear former Vice President Joe Biden with allegations of secretive, dirty business dealings in China in conjunction with his son Hunter. Senate Republicans insinuated something sinister is afoot because Hunter allegedly “opened a bank account” with a Chinese businessman. This morning he retweeted that Biden “must answer questions about Hunter Biden and China.” The Wall Street Journal editorial he cites says it’s important to know if Biden has been compromised by personal economic interests in China.
WSJ Editorial Board: Joe Biden Must Answer Questions About Hunter Biden and China https://t.co/pF2M9i9OSu via @BreitbartNews Joe Biden is a totally corrupt politician, and got caught. At least now he won’t be able to raise your Taxes – Biggest increase in U.S. history!
— Donald J. Trump (@realDonaldTrump) October 21, 2020
Trump may want to look in a mirror. The New York Times is reporting that Trump himself has some previously undisclosed Chinese business ties of his own to explain. The newspaper says that Trump tax records it has reviewed show 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.”
Trump’s secret bank account appears to be connected with the approximately 10 years he spent pursuing various deals in China. The Times reports that the account “is controlled by Trump International Hotels Management L.L.C., which the tax records show paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015.” That would be during the same period when Trump little or no U.S. income taxes.
When it comes to doing business with China, the Trump family seems to be far outpacing the Biden family. While Hunter may or may not have opened a bank account, first daughter Ivanka Trump for sure has been granted 41 trademarks by the Chinese government. And, according to the book “White House, Inc.” by Forbes senior editor Dan Alexander, “the trademarks she applied for after her father became president got approved about 40 percent faster than those she requested before Donald Trump’s victory in the 2016 election.”