Drudge Retort: The Other Side of the News
Wednesday, October 21, 2020

President Trump and his allies have tried to paint the Democratic nominee, Joseph R. Biden Jr., as soft on China, in part by pointing to his son's business dealings there. 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, according to an analysis of the president's tax records, which were obtained by The New York Times.



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The foreign accounts do not show up on Mr. Trump's public financial disclosures, where he must list personal assets, because they are held under corporate names.

Mr. Trump's plans in China have been largely driven by ... , Trump International Hotels Management - the one with a Chinese bank account [which the tax records show paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015]. In 2017, the company reported an unusually large spike in revenue - some $17.5 million, more than the previous five years' combined. It was accompanied by a $15.1 million withdrawal by Mr. Trump from the company's capital account.

And not long after winning the 2016 election, Mr. Trump reported selling a penthouse in one of his Manhattan buildings for $15.8 million to a Chinese-American businesswoman named Xiao Yan Chen, who bought the unit, previously occupied by Ivanka Trump and her husband, Jared Kushner, in an off-market transaction. Ms. Chen runs an international consulting firm and reportedly has high-level connections to government and political elites in China.

Mr. Trump's tax records show that he reported a capital gain of at least $5.6 million from the penthouse sale in 2017, his first year as president.

In addition to being a world-class grifter, Donald Trump is a master at projection: If he claims that someone else is doing something for which there is absolutely no concrete evidence of, you can rest assured he's doing it - or is guilty of the same, especially if criminal - himself.

#1 | Posted by tonyroma at 2020-10-20 10:38 PM | Reply | Newsworthy 1

No fair. donald has Covid. Can't talk about the tax thing anymore.

#2 | Posted by REDIAL at 2020-10-20 11:10 PM | Reply

In addition to being a world-class grifter, Donald Trump

#1 | Posted by tonyroma at

You mean world class traitor and criminal.

#3 | Posted by Zed at 2020-10-21 12:41 PM | Reply | Newsworthy 1

Biden is in the pocket of China.

- Lyin Donny.

#4 | Posted by Nixon at 2020-10-21 01:05 PM | Reply

The neocons invested heavily into Ireland for the Iraq invasion.

The absolute worst trophy videos I have collected are definitely the ones where Gaeilge is heard.

America has actually been at war with Trumps foreign-bought administration.

#5 | Posted by redlightrobot at 2020-10-21 01:30 PM | Reply

Surely this has got to be the end of the October surprises...

My heart can't take much more of this

#6 | Posted by LostAngeles at 2020-10-21 04:41 PM | Reply

"He paid $188,561 in taxes in China in 2013-2015"

Say what?

Lots of people are saying President Donald J. TRUMP is a genius because he only paid $750 in taxes.

What do they have to say about this?

#7 | Posted by snoofy at 2020-10-21 05:05 PM | Reply

More assets for the State of New York to freeze when Trump lands in their clutches.

The Trump Show isn't going to end when he's out of office. It's just going to slip into a higher gear.

Let the entertainment begin!

#8 | Posted by Twinpac at 2020-10-21 07:35 PM | Reply

"Lots of people are saying President Donald J. TRUMP is a genius because he only paid $750 in taxes.
What do they have to say about this?

Old news.. Move on
~sips coffee

#9 | Posted by phesterOBoyle at 2020-10-22 09:53 AM | Reply

Old news.. Move on
~sips coffee


In 2020 it is.

In 2020 the news is coming at us so fast we cannot keep up with our crazy uncle and his mad antics.

In 2020 it's just another exiting and terrifying episode of the Apprentice.

Worst episode ever in my humble opinion.

I had no idea that a reality tv show could kill me or hundreds of thousands of my fellow Americans.

#10 | Posted by donnerboy at 2020-10-22 10:05 AM | Reply | Newsworthy 1 what's worse...and unknown China dealing for Trump or a known China dealing for Biden who refuses to be honest about it. I think both are bad but inevitably you guys and gals will only agree with the one that fits your narrative.

#11 | Posted by humtake at 2020-10-22 12:16 PM | Reply | Funny: 3

Re: #11

Do you have a reliable source for your claims?

#12 | Posted by hamburglar at 2020-10-22 12:21 PM | Reply

Old news.. Move on
~sips coffee


Glad we can agree Trump is owned by the Chinese too. Good job.

#13 | Posted by Sycophant at 2020-10-22 12:24 PM | Reply

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