New York Instances Releases One other Rubbish Hit Piece On President Trump In Final Ditch Effort to Cowl For Creepy and Corrupt Biden Household

By Nancy Carrillo On Oct 21, 2020

The New York Times released a report tonight that reported that the President of the United States, Donald Trump, had a bank account in China. These efforts to divert attention from the Biden’s many crimes against China, Ukraine, and other countries will not work.

The New York Times reports:

President Trump and his allies have attempted to label Democratic candidate Joseph R. Biden Jr. soft on China, in part by pointing out his son’s business relationships there.

Senate Republicans tabled a report alleging, among other things, that Mr. Biden’s son Hunter had “opened a bank account” with a Chinese businessman. This is part of his numerous connections with “foreigners and foreign governments around the world”.

But Mr. Trump’s own business history is full of overseas financial deals, and some have involved the Chinese state. He spent a decade unsuccessfully pursuing projects in China, running an office there during his first term as president, and partnering with a large government-controlled corporation.

And it turns out that China is one of only three foreign nations – the others are the UK and Ireland – that Mr Trump has a bank account in, according to an analysis of the president’s tax filings received from the New York Times. The overseas accounts do not appear in Mr. Trump’s public financial information, where he has to list personal assets as they are kept under company names. The identity of the financial institutions is not clear.

The Chinese account is controlled by Trump International Hotels Management LLC. According to tax reports, taxes of US $ 188,561 were paid in China while licensing agreements were in place from 2013 to 2015.

The tax records do not contain any information about how much money may have flowed into the overseas accounts, although the Internal Revenue Service requires applicants to report the portion of their income from other countries. The UK and Irish accounts are held by companies who operate Mr. Trump’s golf courses in Scotland and Ireland and who regularly report millions in revenue from these countries. Trump International Hotels Management only reported a few thousand dollars from China.

In response to questions from The Times, Alan Garten, an attorney for the Trump Organization, replied that the company had “opened an account with a Chinese bank with offices in the US to pay local taxes” related to its efforts to do business there. He said the company opened the account after opening an office in China “to explore the potential for hotel offerings in Asia.”

“There was never any business, transaction or other business activity, and the office has been inactive since 2015,” said Garten. “Although the bank account remains open, it has never been used for any other purpose.”

Of course, there is absolutely nothing wrong with the president having a bank account in China or any other country. The entire NYT piece is rubbish.

Nice attempt at distraction, @nytimes. But everyone knows the CCP supports Biden, and everyone knows why. https://t.co/ijKtdXUOMk

– Laura Ingraham (@IngrahamAngle) October 20, 2020

The far left is in a panic when their senile old candidate hides in his basement as his crimes soak up.