NEW YORK - President Donald Trump and his allies have tried to paint the Democratic nominee, Joe Biden, as soft on China, in part by pointing to his son's business dealings there.
The Chinese account is controlled by Trump International Hotels Management LLC, which the tax records show paid US$188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015. "No deals, transactions or other business activities ever materialised and, since 2015, the office has remained inactive," Garten said."Though the bank account remains open, it has never been used for any other purpose."
In a misleading claim amplified by surrogates like his son Donald Trump Jr and his lawyer Rudy Giuliani, the president has said the younger Biden"walked out of China" with US$1.5 billion after accompanying his father on an official trip in 2013. Numerous news articles and fact-checking sites have explained that the huge figure was actually a fundraising goal set by an investment firm in which Hunter Biden obtained a 10 per cent stake after his father left office.
In 2008, Trump pursued an office tower project in Guangzhou that never got off the ground. But his efforts accelerated in 2012 with the opening of a Shanghai office, and tax records show that one of Trump's China-related companies, THC China Development LLC, claimed US$84,000 in deductions that year for travel costs, legal fees and office expenses.
The company has direct ownership of THC China Development, but is also involved in management of other Trump-branded properties around the world, and it is not possible to discern from its tax records how much of its financial activity is China-related. It normally reports a few million dollars in annual income and deductible expenses.
Sh*tbag if ever there was one
This report is bias!! Trump was a biz man and he did legitimate biz! Hunter was a drug addict and he got his connections thru his father who had been a public servant all his life!