Trump maintains bank account in China, says NY Times


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

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.

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

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

The publication’s previous reports show he paid $750 in US federal taxes in 2016 and 2017, when he became president.

The Chinese bank account has paid out $188,561 in local taxes.

Trump has been very critical of presidential candidate rival Joe Biden and his policies towards China in the lead-up to the US election on November 3.

According to Alan Garten, a lawyer for the Trump Organisation, the NY Times story is “pure speculation” and said that it made “incorrect assumptions”.

He said 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.

Leave a Reply

Your email address will not be published.