President Trump Collected Millions From Chinese Government-Owned Entities While In Office. “President Donald Trump…has in fact collected millions of dollars from government-owned entities in China since he took office. […] Trump properties leased by the Industrial Bank of China, paying about $1.9 million in annual rent, contributed at least $5.4 million in business inflows during the Trump presidency.” [Forbes,
10/23/20]
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President Trump Maintained Three Foreign Bank Accounts While In Office—Including One In China. “Mr. Trump’s own business history is filled with overseas financial deals, and some have involved the Chinese state. He spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership with a major government-controlled company. And it turns out that China is one of only three foreign nations — the others are Britain and Ireland — where Mr. Trump maintains a bank account…” [New York Times,
10/20/20]
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October 2018: The Chinese Government Approved Multiple “Trump” Name Trademarks In the Midst of Negotiations For A New Trade Deal. In fall 2018, Ivanka Trump won initial approval for
16 trademarks applied for two years prior in the midst of Trump’s trade war with China. The Chinese government also
approved two “Trump” trademarks, registered at Trump Tower in Manhattan, as negotiation efforts progressed.
- Months Earlier, China Gave Ivanka Trump Seven New Trademarks Across Multiple Businesses That She Applied For After President Trump Took Office—Approved Around The Time President Trump Committed To Keeping A Chinese Telecommunications Company Afloat. “China this month awarded Ivanka Trump seven new trademarks across a broad collection of businesses, including books, housewares and cushions. […] Ms. Trump applied for six of the trademarks in March 2017. She applied for the seventh even earlier, in May 2016. […] At around the same time, President Trump vowed to find a way to prevent a major Chinese telecommunications company from going bust, even though the company has a history of violating American limits on doing business with countries like Iran and North Korea.” [New York Times, 5/28/18]
- Over A Year Earlier, Ivanka Trump Received Three Trademark Approvals In China The Same Day She And Her Father Dined With Chinese President Xi Jinping.
Trump Operated a Web of Over 500 LLCs While In Office
During His Presidency, Trump Operated A Web Of Over 500LLCs Not Subject To External Audits Or Rigorous Disclosure Requirements. For decades, Donald Trump operated a web of shadowy LLCs used to evade taxes and
conceal loans and business interests. Even during his presidency, Trump’s use of LLCs allowed him to keep much of his financial portfolio outside the public eye. As NBC News
reported, ““[W]e don’t know which foreign assets or bank accounts he owns or where they’re located. We don’t know how much foreign tax he has paid and to which countries. We can’t verify which charities he’s funding.”