Former President Donald Trump’s companies received at least $5.5 million from China during his time in office, according to a new report released by Democrats on the House Oversight Committee.
The foreign payments detailed in the committee’s 156-page report titled “The White House for Sale” include Chinese embassies in the United States, Chinese state-owned banks and Chinese state-owned airlines. It included a total of more than $5 million from . House oversight Democrats obtained these financial records from Trump’s former accounting firm, Mazars USA, and the Securities and Exchange Commission.
China is one of at least 20 countries that paid a total of about $7.8 million for Trump-owned businesses and properties during Trump’s presidency, including the former president’s hotels in New York City, Las Vegas and Washington, D.C., the paper said. It is. Thursday’s report. While in his White House, Trump reportedly received funds from Saudi Arabia, Qatar, the United Arab Emirates, Kuwait, India, the Philippines, and more.
“Importantly, portions of this document also reveal shocking millions of dollars in payments made directly to Trump-owned companies by foreign governments and their agents while President Trump was in the White House. “There are,” the report states. “These payments are made while these governments are working with the Trump administration, and sometimes President Trump himself, to advance specific foreign policy objectives, and they also provide specific assistance to the United States to advance their own national policy objectives. This was done while calling for action.”
“By prioritizing his personal economic interests and the policies of corrupt foreign powers over the U.S. public interest, former President Trump violated the clear mandates of the Constitution and the prudent precedent set and followed by previous commanders-in-chief. ” Oversight Ranking Member Jamie Raskin (D-Md.) wrote in the report’s foreword.
The new information comes as House Republicans continue to investigate President Joe Biden’s son Hunter in an impeachment inquiry into his alleged involvement in foreign business dealings.
House Oversight Chairman James Comer (R-Ky.) dismissed the report Thursday, saying there was nothing suspicious about President Trump’s companies receiving foreign payments.
“Former President Trump is running a legitimate business, but the Biden family is not,” Comer said in a statement. “The Bidens and their associates used the Biden name to make more than $24 million in China, Russia, Ukraine, Kazakhstan and Romania. No goods or services other than Joe Biden and access to the Biden network It was not provided.”
Raskin said President Trump’s alleged contribution of profits to the U.S. Treasury does not meet a constitutional requirement that the president not pocket revenue from foreign governments unless Congress approves otherwise. It pointed out.
Following eight years of investigations into payments from foreign entities during President Trump’s tenure, the report urges Congress to consider implementing new financial disclosure rules to better monitor sitting presidents and senior government officials. I’m asking you to. Democrats on the committee also recommended creating a formal process for the president and other public officials to seek permission from Congress to receive and store wealth from abroad.