HuffPost is part of Verizon Media. Barack Obama mocked what he said was Donald Trump's "secret Chinese bank account," telling a rally crowd that the circumstances would be far different if the same revelation was made about him. Load Error. Others are incredulous that the US president embarked on a trade war while seemingly pursuing his own personal Chinese interests. Trump International Hotels Management reported only a few thousand dollars from China. Trump Has a Bank Account In China. Trump has other financial connections to China. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Oct.22 -- President Donald Trump says he closed a bank account he had in China before he “even ever ran for president.” He speaks at the last presidential debate in Nashville. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The foreign accounts do not show up on Trump’s public financial disclosures, where he must list personal assets, because they are held under corporate names. With all the wild theories President Trump throws at the wall in any given day, it’s a little hard to keep up. Mr. Garten would not identify the bank in China where the account is held. The report in The New York Times late Tuesday revealed that Trump has bank accounts in three foreign countries: China, Britain and Ireland. The US president has multiple business interests both in the US and overseas. China is one of only three foreign nations — the others are Britain and Ireland — where Trump maintains a bank account, according to a Times analysis of the president’s tax records. None were listed on his public financial disclosures. Oct.22 -- President Donald Trump says he closed a bank account he had in China before he “even ever ran for president.” He speaks at the last presidential debate in Nashville. President Trump has spent months insisting Joe Biden is in hoc to China. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Dutch government quits over welfare fraud scandal. 2. Biden: President Donald Trump “has a secret bank account in China.” This is accurate, according to tax records obtained earlier this month by the New York Times. Trump dangles cash for US firms moving from China, Trump administration plans Chinese tech crackdown. Users are joking that he has been "paying his [Communist] party membership" and "the motherland will never forget" his contributions. Video, Inside the world's richest e-sports player's mansion, Biden starts with brand new Potus Twitter account, Nazi camp no place for sledging, authorities warn, NYC bendy bus left drooping from overpass, North Korea unveils new submarine-launched missile, Trump takes final swipes at China's big companies, German sports doctor jailed over blood doping, What you need to know about the Trump tax story. "No deals, transactions or other business activities ever materialised and, since 2015, the office has remained inactive," Mr Garten said. The Chinese account is controlled by Trump International Hotels Management LLC, which the tax records show paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015. The Times noted that Trump maintains just three foreign bank accounts — the one in China and two in Britain and Ireland that are largely used by the companies that operate his golf resorts in Scotland and Ireland. President Donald Trump's tax records show he has pursued expansive business projects in China for years and even maintains a Chinese bank account, The New York Times reported Tuesday. What was Hunter Biden doing in Ukraine and China? .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. Mark Rutte's cabinet resigns after families were wrongly accused and many faced financial problems. Tax records reveal Trump’s bank account, business dealings in China: report New York Times analysis shows the US president tried for a decade to get Chinese projects off the ground Trump said that his bank account in China was from 2013 and that he closed it in 2015 just before running for president. Donald Trump maintains a bank account in China where he pursued licensing deals for years, according to a report that could undermine the president’s election campaign claim … Donald Trump maintains a previously undeclared Chinese bank account and has been unsuccessfully pursuing major business deals in China for more than a decade, according to a new US media report. Trump operates his business empire as a “pass-through,” which means that ultimately all profits makes their way to the president and his family. Donald Trump maintains a previously undeclared Chinese bank account and has been unsuccessfully pursuing major business deals in China for more than a decade, according to a new US media report. 5875. Trump maintains bank account in China, says NY Times. Seth Meyers followed the money Wednesday after The New York Times exposed details of a bank account that President Donald Trump held in China following years of business pursuits there. An account controlled by Trump International Hotels Management LLC paid $188,561 in taxes in China from 2013 to 2015, according to The New York Times . U.S. President Donald Trump’s tax records show a bank account in China controlled by Trump International Hotel Management, according to the New York Times, as … Chinese banks are under the control of the Chinese government. The New York Times reported Wednesday that Trump maintained a Chinese bank account and paid nearly $200,000 in local taxes between 2013 and 2015. Over the past several months, however, he has insisted, with growing fervor, that President-Elect Joe Biden has some serious ties with China. President Trump with President Xi Jinping of China … The Times noted that Trump maintains just three foreign bank accounts — the one in China … President Donald Trump maintains a bank account in China after years of pursuing business deals in the nation, The New York Times reported Tuesday, the latest … You can change your choices at any time by visiting Your Privacy Controls. In August, Mr Trump said he wanted to offer tax credits to entice US firms to move factories out of China. The New York Times revealed Tuesday that the U.S. president has a bank account in China. DONALD Trump's tax returns have shown the president still maintains a bank account in China, it was revealed on Tuesday. Memes and comments referring to "Comrade Trump" are lighting up the popular Sina Weibo social network. President Donald Trump's tax records show he has pursued expansive business projects in China for years and even maintains a Chinese bank account, The New York Times reported Tuesday. U.S. President Donald Trump’s tax records show a bank account in China controlled by Trump International Hotel Management, according to the New York Times, as … Last spring, he tweeted, “China is on a … The account, as first reported by The New … House Speaker Nancy Pelosi (D-Calif.) is raising concerns over a new report about President Donald Trump’s undisclosed Chinese bank account. Read about our approach to external linking. He told the paper that Trump International Hotels Management had "opened an account with a Chinese bank having offices in the United States in order to pay the local taxes". Donald Trump's tax payments to China have delighted and bemused social media users there, who have been closely following reports scrutinising his tax affairs. The account is controlled by Trump International Hotels Management and paid local taxes between 2013 and 2015. Analysis by Kerry Allen, BBC China media analyst. Donald Trump has painted Joe Biden as soft on China, but a new report has revealed a curious detail in the US President’s finances. The Chinese bank account has paid out $188,561 in local taxes. China is one of three foreign nations where Trump, through his business, maintains an open bank account, according to the Times. Everywhere he goes, Donald Trump should bring a screen. China is one of only three foreign nations — the others are Britain and Ireland — where Trump maintains a bank account, according to a Times analysis of the president’s tax records. 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ADVERTISEMENT. Trump International Hotels Management LLC runs the account in China, which was reported to have paid $188,561 in taxes in China while pursuing licensing deals from 2013 to 2015. These include golf courses in Scotland and Ireland and a chain of five-star luxury hotels. US President Donald Trump maintains a bank account in Ireland as well as China and Britain, according to an analysis of his tax records. Last spring, he tweeted, “China is on a … Trump's businesses "paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015," citing tax records reviewed by the NYT. President Trump spent a decade pursuing business projects in China, operating an office and maintaining a corporate bank account there, a report says. In stark contrast, the NY Times report details how Mr Trump has been looking to land business in China. They can watch the flow of money there and perhaps have some, shall we say, sway over the person who’s taking money or putting money into that account. The president's financial dealings with the state-owned bank complicate his attacks on Biden. Weekly quiz: What's the Sex and the City reboot called? Mr Trump has been critical of US firms doing business in China and sparked a trade war between the two countries. New York Times' recent report alleging Mr Trump paid just $750. President Trump’s taxes reveal details about his business dealings in China, including a previously unknown bank account. Alan Garten, a lawyer for the Trump Organisation, described the NY Times story as "pure speculation" and said that it made "incorrect assumptions". (Watch the “Closer Look” segment below.) October 20, 2020 at 7:56 pm EDT By Taegan Goddard Leave a Comment “President Trump and his allies have tried to paint Joe Biden as soft on China, in part by pointing to his son’s business dealings there,” the New York Times reports. DONALD Trump's tax returns have shown the president still maintains a bank account in China, it was revealed on Tuesday. 5,875. First Lady Melania Trump pulled out of a planned campaign appearance - a rally in Erie, Pennsylvania, with the president - because of lingering symptoms of her Covid-19 infection. © 2021 BBC. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Considering how much the government of China has at stake when it comes to dealing with the United States, it’s difficult to imagine that it didn’t know Donald Trump’s Chinese bank account existed. Trump Has a Bank Account In China October 20, 2020 at 7:56 pm EDT By Taegan Goddard Leave a Comment “President Trump and his allies have tried to paint Joe Biden as soft on China, in part by pointing to his son’s business dealings there,” the New York Times reports. His daughter, Ivanka Trump, received 41 Chinese … Reports of Trump's secret Chinese bank account spark controversy There's a lot to unpack in the new reporting, but it's probably worth dwelling on Trump's previously undisclosed bank account in China. White House. Published. Because there’s no one better at projecting. This is a problem for multiple reasons. Mr Trump has been critical of presidential candidate rival Joe Biden and his policies towards China in the lead-up to the US election, taking place on 3 November. 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