The New York Times, which has obtained Trump's tax records, late Tuesday reported that the documents show the president maintains a previously undisclosed bank account in China, one of only three foreign nations where he holds accounts along with Britain and Ireland.
As per Sputnik, Trump has time and again called COVID-19 the "China Virus", and his administration has urged the World Health Organization and other worldwide bodies to take strong action after China became the first epicenter of the disease at the end of the past year.
Garten specifically said the company had opened the account once an office was opened in China "to explore the potential for hotel deals in Asia".
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.
The top Democrat in the House of Representatives cited the Chinese government's ties to its financial industry and said Trump's banking there opened him up to vulnerabilities.
A U.S. appeals court in lower Manhattan on Oct 7 ruled Trump must turn over his tax records to a prosecutor in the state of NY, although his lawyers has the option to appeal the decision to the Supreme Court.
In a misleading claim reinforced by surrogates like his son Donald Trump Jr. and his attorney Rudy Giuliani, the president said the younger Biden "left" with $ 1.5 billion from China after telling his father in 2013 had accompanied an official trip.
President Trump releases video of 60 ‘Minutes’ interview
And I feel you didn't do that". "Your first statement to me was 'This is going to be tough questions.' I don't mind that". Right after abruptly ending the interview mid way, US President Trump headed to his rally in Erie, Pennsylvania.
But Trump's plans in China have been largely driven by a different company, Trump International Hotels Management - the one with a Chinese bank account.
"No deals, transactions or other business activities ever materialised and, since 2015, the office has remained inactive", Mr Garten said. The bank account was not reported with the president's finances for an investigation, although it's still open.
The US president has multiple business interests both in the US and overseas.
The UK and Irish accounts are held by companies who operate Mr Trump's golf courses in Scotland and Ireland and who regularly report millions of dollars in revenue from those countries.
Trump announced in August that he wanted to offer tax incentives to U.S. companies to move their factories from China. Chen runs an global consulting firm and reportedly has high-level connections to government and political elites in China.
In a speech, Mr Trump vowed to create 10 million jobs in 10 months, saying "we will end our reliance on China".
These were the details of the news Trump has a bank account in China and did business there, . for this day.