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US President Donald Trump has a bank account in China. A New York Times report claims that President Trump has admitted to having a bank account in China. Trump International Hotels Management manages that account.
Local taxes have also been paid from that account from 2013 to 2015. A spokesman for President Trump said: “The account was opened to explore the potential of the hotel business in Asia.
In recent times, Trump has been widely criticized for targeting American companies doing business in China. As a result, a trade war has started between the two countries.
The New York Times reports that the account is known from President Trump’s tax records. The record contains details of Trump’s personal and business finances.
In China, Trump’s bank account paid স্থানীয় 1,08,581 in local taxes. The New York Times previously reported that Trump paid £ 650 in US federal taxes in 2016 and 2017.
The United States presidential elections will be held on November 3. President Trump will participate in that election for the second time. And his opponent in the election is Democratic candidate Joe Biden. From the beginning, President Trump has been critical of Joe Biden and his policy toward China.
Meanwhile, Allen Garten, a lawyer for the Trump organization, said that Trump International Hotels Management opened a bank account in China, located in the United States. The bank has several offices in the United States. He said the account was opened primarily for the purpose of paying local taxes.
Allen Garten said there have been no transactions or other business activities on that account since 2015. He said that although the account was open, it was not being used for any other purpose. The New York Times reports that Trump has bank accounts in countries like China, Britain and Ireland.
TTN / PR
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