Trump's Business Empire Retains Close Ties to China
July 6, 2018 at 7:37 am EDTBy Taegan Goddard
As the Trump administration initiates a possible trade war with China, the presidents businesses continue to benefit from partnerships involving the Chinese government, via state-backed companies and investors. Chinese government-backed firms are slated to work on parts of two large developments in Dubai and Indonesia that will include Trump-branded properties, the Washington Post reports.
The Trumps are the landlord to one of Chinas top state-owned banks, which has occupied the 20th floor of Trump Tower in Manhattan since 2008. The banks lease is worth close to $2 million annually, according to industry estimates and a bank filing. And despite the Trump administrations focus on American manufacturing, assembly-line workers in China still produce blouses, shoes and handbags for the clothing line created by Trumps daughter Ivanka, a White House adviser.
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https://politicalwire.com/2018/07/06/trumps-business-empire-retains-close-ties-to-china/