United States: Donald Trump has a bank account in China, according to the New York Times
US President Donald Trump during a presidential campaign rally on November 3 in Erie, Pa. On October 20, 2020. AP Photo / Gene J. Puskar
Text by: RFI Follow
3 min
The American president has a bank account in China where he tried for years to do business, while posing as a real opponent of Beijing, unlike, he said, his Democratic rival Joe Biden, affirmed the daily new -Yorkis this Tuesday, October 20.
Publicity
Read more
The real estate mogul has maintained the office he opened in China before he was elected, for the duration of his presidential term.
He attempted a partnership with a major state-controlled Chinese company, assures the
New York Times.
The US president also kept a bank account in China, hitherto unknown and not made public.
However, this account is controlled by one of its companies, Trump International Hotels Management, according to an analysis of its tax returns, seen by the New York daily.
According to one such statement, the company paid China $ 188,561 in taxes when it struggled between 2013 and 2015 to enter into business license agreements.
Trump Group lawyer Alan Garten said the company had "
opened an account with a Chinese bank, with offices in the United States, in order to pay its taxes
."
"
No agreement, transaction or other commercial activity has materialized and, since 2015, this account has remained inactive,
" he said, quoted by the newspaper.
"
Weak with China
"
Donald Trump has embarked on a
trade and diplomatic war
with China, claiming to be the only true defender of American interests against the Chinese giant.
But this revelation undermines the efforts of the president who applies to portray his Democratic opponent Joe Biden as the candidate
"
weak with China
"
.
On the contrary, the former vice-president of Barack Obama does not display any income or business link with the Middle Empire in his tax returns.
Donald Trump has invested at least $ 192,000 in five companies created to develop projects in China over the past decade, says the New York newspaper.
Since 2010, they have declared more than $ 97,400.
These new revelations come on top of the first burst of information on Donald Trump's accounts.
The
New York Times
detailed how the president had virtually evaded tax for twenty years, as he declared losses greater than his income.
Thus, in 2016, the year he was elected to the White House, and in 2017, the former real estate mogul paid only $ 750 in federal taxes.
►
To read also: US Presidential: Can Trump lose the key state of Michigan?
Newsletter
Receive all the international news directly in your mailbox
I subscribe
Follow all the international news by downloading the RFI application
google-play-badge_FR
China
Donald trump
United States
Joe biden
On the same subject
TRNHAITI
John Bolton accuses Donald Trump of asking for help from China for his re-election in November
Donald Trump proposes an enlarged G7 and without China in the fall
Donald Trump sanctions China by revoking Hong Kong's special status