Donald Trump has a bank account in China despite his attacks on the Asian giant

Donald Trump maintains an open bank account in China despite the many accusations made against the eastern country in recent times – including threats of its responsibility in the spread of the coronavirus, “they will pay for it” – Trump maintains open accounts in the United Kingdom , in Ireland and also in China, where their companies have conducted various businesses, as published by the New York Times on Wednesday. According to this newspaper, usually critical of the Republican president, this account had not been previously declared since it remains active under a corporate name, controlled by the International Hotels Management group. In this sense, Trump would have paid in China $ 118,561 in taxes between 2013 and 2015. Financial records, however, do not show how much money has moved through the accounts that the president has open abroad, but the Treasury requires that all taxpayers who disclose how much of their income comes from third countries. In the case of International Hotels Management, only a few thousand dollars from China are shown. Alan Garten, one of the group’s lawyers, has refused to reveal the name of the Chinese bank in question and has said that Trump “opened an account to pay taxes while trying to boost his business in the country.” The lawyers justify that he “opened an account to pay taxes while promoting his business in China “This information has been published after the president and his allies accused the Democratic candidate for the White House and former US vice president, Joe Biden, of having a” soft “position on China , partly because of his son Hunter’s business in the country.Republican senators have written a report in which they point out, among other issues, that Hunter had “opened a bank account” with a Chinese businessman – which would be an indication of his many connections with foreign governments. Trump’s business showcases numerous overseas deals, some even related to the Chinese government. The American tycoon spent almost a decade trying to carry out a series of projects in the Asian giant. Under company names Trump’s accounts abroad do not appear in his public records, in which he must list his personal assets, because they are listed under Names of corporations or companies. Records show that the president would have invested at least $ 192,000 in five companies to carry out projects in China over several years. These new details are based on the same reports that detailed that Trump paid only $ 750 in taxes during his first year in the White House. The Chinese government, for its part, has said it was not aware of the information from ‘The New York Times’ on Trump’s bank account. At a press conference, Foreign Ministry spokesman Zhao Lijian confirmed that the government is “not aware” of the matter, while emphasizing that Beijing is showing contrary to the use of China in the framework of the US elections.