Daily US Times: The New York Times has reported that US President Donald Trump has been maintaining a Chinese bank account and spent years pursuing business projects in the country.
The bank account is controlled by Trump International Hotels Management and paid local taxes between 2013 and 2015, the NYT report says.
A Trump spokesman said it was set up “to explore the potential for hotel deals in Asia”.
Mr Trump has sparked a trade war between the two countries and has been critical of US firms doing business in China and
The newspaper revealed the bank account after obtaining Mr Trump’s tax records, which included both personal and company financial details.
The newspaper’s previous reports show Mr Trump paid $750 in US federal taxes in 2016 and 2017, when he became President, but the Chinese bank account has paid out $188,561 in local taxes.
The Republican President has been critical of presidential candidate rival Joe Biden and his policies towards China in the lead-up to the general election, taking place on 3 November.
The Trump administration has singled out the former Vice President’s son Hunter and made unsubstantiated claims about his dealings with China. The Democratic presidential nominee’s income tax returns and public financial disclosures show no business dealings connected to China.
Alan Garten, a lawyer for the Trump Organisation, described the New York Times story as “pure speculation” and said that it made “incorrect assumptions”.
Trump International Hotels Management had “opened an account with a Chinese bank having offices in the United States in order to pay the local taxes”, he told the paper.
You may read: Trump and Biden feud over debate topics
