The New York Times reported that Donald Trump spent years seeking to establish businesses in China, as he kept a previously unknown bank account, while the US President was trying to portray his Democratic rival, Joe Biden, as weak against Beijing.
Trump has spent the last days promoting a vague claim that Biden’s son Hunter sold his father access to Ukraine and China while he was vice president under Barack Obama.
The newspaper reported that Trump was the one who kept an office in China during his running for president for the first time and entered into a partnership with a major company controlled by the government.
Besides, Trump maintains a previously unknown bank account in China, which is under the control of the Trump International Hotel Administration, according to an analysis of his tax records by the newspaper, which is one of only three foreign countries, including Britain and Ireland, in which the Republican president maintains an account.
Tax records indicate that the company “paid $ 188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015,” the newspaper reported.
Alan Garten, a lawyer for Trump Organization, said that the company “opened an account with a Chinese bank that has offices in the United States, to pay local taxes.” He told the newspaper: “No deals, transactions or other commercial activities have ever been completed, and since 2015 the office has remained. Inactive, “and the Trump Organization attorney continued:” Although the bank account is still open, it has not been used for any other purpose. ”
Under the slogan “America first,” Trump portrayed China as the greatest threat to the United States and global democracy.
The wealthy real estate mogul waged a massive trade war that cost China billions of dollars, chased out Chinese technology companies, and blamed Beijing for the outbreak of the Coronavirus.
However, Trump Hotel Group has negotiated with China State Grid Corporation, the nation’s electricity company, and the largest state-owned company, to run a major project in Beijing, AFP sources reported, but the offer was not well received. Meanwhile, Biden’s income tax returns and financial transactions do not show any business relationship to China.