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The president of the United States, Donald Trump, has an account in a Chinese bank, and has been trying to implement business in the country for several years, the New York Times revealed this Wednesday, October 21, as quoted by the BBC.
The account in question remains active with the Chinese bank and is controlled by Trump International Hotels Management, having paid local taxes between 2013 and 2015.
A spokesman for the current US president, who is fighting for the re-election of former Vice President Joe Biden, said the account was created with the aim of “exploring the potential of the hotel offering in Asia.”
“No business, transaction or other commercial activity has materialized and, since 2015, the office has been inactive,” said the same spokesperson, concluding that although the account remains open, “it was never used for any other purpose.”
During the election campaign, Donald Trump criticized American companies that do business with China. The tension between Beijing and Washington has been constant during Donald Trump’s first term, eventually sparking a trade war between the two countries, creating and increasing customs duties on various products. Telecommunications expert Huawei has been one of Trump’s favorite targets, with the White House trying to limit the company’s expansion into the 5G network in Europe, including Portugal.
“We are going to end our dependence on China,” Trump said in August, promising to create 10 million jobs in 10 months.
This revelation from The New York Times comes after the newspaper disclosed the president’s tax records, which included personal and business details. It was the newspaper that also revealed that the president of the United States paid only $ 750 (632 euros) in taxes between 2016 and 2017, when he assumed the presidency.
Now, the data explored and released by the New York newspaper reveal that Trump paid $ 188,561 (159,000 euros) in local taxes in China, a figure much higher than that paid in the United States.
The New York Times also noted that “British and Irish accounts are held by companies that operate golf courses” for Donald Trump in Scotland and Ireland, representing millions of dollars in revenue from those countries. Thus, Trump International Hotels Management, between 2013 and 2015, only a few thousand dollars from China.
Although Trump’s spokesman did not identify the bank in which the account was opened, the largest Chinese state bank leased, until last year, three floors of the famous Trump Tower, having generated accusations of conflict of interest, the American newspaper recalled after that Trump criticized American companies that did business with Chinese companies.
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