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Trump maintains bank account in China, says NY Times
BBC ^ | Oct 20 | BBC

Posted on 10/21/2020 3:05:22 AM PDT by RandFan

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

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.

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

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

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Chit/Chat
KEYWORDS: biden; butbuthunter; chinesebanking; noworries; ourguytrump; trump
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To: RandFan

The guy develops hotels. He did that up until 2015.

So what? It tells me he got a taste of what it’s like to do business in China.

Is this all they have?


21 posted on 10/21/2020 3:50:36 AM PDT by Vermont Lt
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To: RandFan

Pathetic, MSM! This is your response to Sleazy Joe?


22 posted on 10/21/2020 3:51:05 AM PDT by Chgogal (ALL lives matter. If you disagree with me, YOU are the racist.)
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To: RandFan

Trump is criticizing companies that export jobs and manufacturing to China. That does not apply to building a hotel in China. It’s like saying hilton should relocate all it’s worldwide hotels to USA, which doing so would make no sense. This shows Dems are completely unable to to think critically.


23 posted on 10/21/2020 3:56:35 AM PDT by inchworm (al)
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To: Yo-Yo
NO, Mr. Trump has been critical of US firms MOVING JOBS to China, and sparked a trade war between the two countries to counter the Chinese manipulation of their currency that makes US made products less competitive.
.
.

The 25 year old yenta sluts at the NYT who call themselves writers don't understand about this sort of stuff they just know how to smear POTUS with innuendos.

24 posted on 10/21/2020 4:05:44 AM PDT by snarkytart
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To: hardspunned

I expect that this was planned to be published sometime after the debate so that PDJT could not respond to it during the debate. The Hunter laptop reveal has forced them to drop it earlier. Just the the Billy Bush tape was dropped early to take Hillary’s email investigation out of the news.


25 posted on 10/21/2020 4:08:22 AM PDT by usnavy_cop_retired (Retiree in the P.I. living as a legal immigrant)
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To: inchworm

Maybe these dolts in the media need a lesson on manufacturing vs service industry.
POTUS has a lot of hotels here in the US too providing jobs. Listen, Trump has been on China’s ass about their unfair trade practices YEARS before he ran for office.


26 posted on 10/21/2020 4:08:27 AM PDT by snarkytart
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To: Chgogal

Yes this is their response.

Hmmm taking bribes and peddling power with TAX PAYERS MONEY and THEIR JOBS, is a bit different than owning a hotel in China and therefore having a bank account there.


27 posted on 10/21/2020 4:11:31 AM PDT by snarkytart
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To: RandFan

So the Slimes wants to play the offshore bank account game? LOL!


28 posted on 10/21/2020 4:42:59 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
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To: RandFan
Fox News Radio is running with this too. It is not a story.

If you have are doing business or trying to do business in any big way in a foreign country the F'ing BUSINESS needs a bank account in that country to do business in that country's currency.

Let's say you are an Italian national, trying to do business in the USA. You are not going around paying people in Euros. You will have to transfer Euros to a US based bank, converting the Euros to USD.

Now it seems that Trump's BUSINESS had some earned income on which it had to pay taxes in China. I'm pretty sure that income came due in Yuan, not USD - more than pretty sure. It would be helpful to have a bank account in China to pay that bill.

Lastly, the F'ing NY Times is in receipt of stolen property. They are committing an illegal act. How do they know they have all of Trump's personal and business taxes? And what makes them qualified to evaluate and even able to understand them. These F'ing loser write at a sixth grade level for a living. They don't know jack about business.

The deep state runs deep. The IRS needs to be cleared of F'ing Democrats, Socialists and Commies. The people at the NY Times related to this story need to be locked up.

29 posted on 10/21/2020 5:19:29 AM PDT by ConservativeInPA ("War is peace. Freedom is slavery. Ignorance is strength." - George Orwell, 1984)
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To: RandFan
I bet the Biden’s have a huge bank account in China...it’s called CHINA.
30 posted on 10/21/2020 5:27:15 AM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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To: RandFan
The Slimes - All the lies fit to print...😀
31 posted on 10/21/2020 5:35:28 AM PDT by Deplorable American1776 (Proud to be a DeplorableAmerican with a Deplorable family...even the dog is, too. :-) Trump 2020t)
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To: Yo-Yo

I’d love to have a choice available between a US and Chinese made item. I’d pay a slight premium for the US made one. The trouble is like yesterday when I bought a small non stick frying pan was everything I looked at was made in China. I did buy a couple of dish ware items from Corning which were US made so there was that at least.


32 posted on 10/21/2020 5:44:03 AM PDT by xp38
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To: RandFan

Yeah...it’s an account. A number in a computer with his name against it. Big deal.

...I suppose there’s still time to roll out another sexual accuser.

Any bets? ;p


33 posted on 10/21/2020 5:48:39 AM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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China’s largest bank will retain a toehold at Trump Tower as it
relocates the bulk of its New York City offices to Sixth Avenue.

The Industrial & Commercial Bank of China – the largest lender
by assets in China and, for that matter, the world – will retain
one floor for executive offices in the building owned by President
Trump’s family, Bloomberg News reported.

ICBC is the fourth-largest tenant in Trump Tower. With its lease
set to expire in October, the bank is planning to withdraw most
of its operations – including a bank branch – from the building.

https://therealdeal.com/2019/01/10/major-chinese-bank-to-keep-executive-floor-at-trump-tower/
January 10, 2019 06:30 PM


34 posted on 10/21/2020 6:12:45 AM PDT by deport
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To: RandFan

So what?

Indeed. The IRS reporting rules on out-of-country bank accounts are very strict. Big whoop.


35 posted on 10/21/2020 6:28:57 AM PDT by Pearls Before Swine
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To: xp38
I’d love to have a choice available between a US and Chinese made item. I’d pay a slight premium for the US made one.

Aye, there's the rub. With the lower labor costs, subsidized materials costs, and manipulated currency exchanges, you would more likely have a 100% premium for a U.S. made commodity good, and most people wouldn't pay that much more.

36 posted on 10/21/2020 6:34:17 AM PDT by Yo-Yo ( is the /sarc tag really necessary?)
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To: RandFan

Fake Thursday Bolshevik debate talking points.


37 posted on 10/21/2020 6:42:13 AM PDT by Varsity Flight (QE 2020. All Quiet on the Western Front)
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To: Yo-Yo

True. I don’t know exactly where my cutoff point would be but for an equal quality item its difficult to pay double. What would your strategy be?


38 posted on 10/21/2020 6:51:39 AM PDT by xp38
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To: RandFan

Everyone knows President Trump was “friendly” with Xi before he let loose the virus.

WHAT’S THE SURPRISE HERE???


39 posted on 10/21/2020 6:54:47 AM PDT by Maris Crane
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To: RandFan
"My God! It's filled with clowns!"


40 posted on 10/21/2020 8:13:14 AM PDT by kiryandil (Chris Wallace: Because someone has to drive the Clown Car)
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