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Trump tax returns show he held a bank account in China — as he spent years pursuing business deals there: report

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Trump said he was ready for a "historic" deal with China as the leaders kicked off their meeting and Xi told him "dialogue" was better than confrontation AFP / Brendan Smialowski

On Tuesday, as part of their series on President Donald Trump’s tax returns, The New York Times revealed that the president has held a previously unknown bank account in China, as he spent years pursuing business deals in the country.

“Mr. Trump’s own business history is filled with overseas financial deals, and some have involved the Chinese state,” reported Mike McIntire, Russ Buettner, and Susanne Craig. “He spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership with a major government-controlled company.”

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“And it turns out 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,” continued the report. “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. The identities of the financial institutions are not clear. The Chinese 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.”

Trump Organization attorney Alan Garten said that Trump “opened an account with a Chinese bank having offices in the United States in order to pay the local taxes” required to do business in the region.

The president has sought throughout the campaign to claim that Joe Biden is soft on China and is compromised on foreign policy by his family’s supposed business interests there.


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‘Checkmate’: Legal experts agree remaining Trump election challenges won’t ‘amount to anything’

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President Donald Trump has exhausted nearly all of his options for overturning his election loss to Joe Biden, legal experts agree.

Trump continues flinging lies about voter fraud from his Twitter account, and only a few highly improbable options remain before Biden is inaugurated next month, reported Bloomberg.

“It’s checkmate in terms of the various chess moves on the board, but they could try go for other moves anyway,” said Edward Foley, director of an election-law program at Ohio State University. “Normally when you see that it’s going to be checkmate, you sort of concede.”

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Mitt Romney on COVID relief: ‘The only time to borrow money is when there’s a crisis and this is a crisis’

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Sen. Mitt Romney (R-UT) on Tuesday bucked most of his Republican colleagues by calling for a COVID-19 relief bill.

Romney appeared at a bipartisan press conference, where senators proposed $908 billion in aid for unemployed workers, local governments, schools, transportation and health care.

"COVID has created a crisis and in a crisis people expect Congress to act," Romney said. "It simply unacceptable for us not to respond to help in this circumstance."

"I happen to be a deficit hawk," he continued. "I don't like borrowing money. I don't like spending money we don't have. But the time to borrow money, maybe the only time to borrow money, is when there's a crisis and this is a crisis. We want to help people at this particular time."

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‘Hateful moron’: Trump supporter’s business faces the internet’s wrath after her anti-gay tirade goes viral

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During an anti-lockdown protest outside the home of the Los Angeles Public Health Director, a woman wearing a Trump 2020 shirt was caught on video hurling homophobic slurs at the woman recording, also calling her a "Nazi" and a "new world order Satanist."

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