Wednesday, October 21, 2020

Trump maintains bank account in China, says NY Times

 https://www.bbc.com/news/business-54625422

 US President Donald Trump has a Chinese bank account and spent years pursuing business projects in the country, the New York Times has reported.

The account is controlled by Trump International Hotels Management and paid local taxes between 2013 and 2015.

It was set up "to explore the potential for hotel deals in Asia", according to a Trump spokesman.

Mr Trump has been critical of US firms doing business in China and sparked a trade war between the two countries.

The NY Times revealed the account after obtaining Mr Trump's tax records, which included both personal and company financial details.

 

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