Trump firms received tens of millions from international governments, Democrats say
Donald Trump’s accommodations and different companies accepted greater than $7.8m (£6.1m) from international governments throughout his presidency, in accordance with a brand new report from Democrats in Congress.
They discovered that China was chargeable for greater than $5.5m of these funds, which Mr Trump is accused of accepting in violation of the US structure.
The report relies on paperwork launched by Mr Trump’s former accounting agency after a court docket battle.
Mr Trump didn’t instantly remark.
The US structure bars presidents from accepting items or different advantages derived from their place with out categorical permission from Congress.
The former businessman, who made his identify as a lodge and property developer, has been dogged by questions on his corporations’ dealings since he entered the White House in January 2017.
At the time, he positioned his sons accountable for the businesses’ day-to-day operations however maintained possession of the companies, which included the Trump International Hotel in Washington, which grew to become a identified hang-out for lobbyists, international delegations and others.
Mr Trump, who’s presently campaigning for a second time period, confronted quite a few lawsuits alleging conflicts-of-interest.
In 2021, America’s highest court docket threw out the instances, saying they have been moot after he misplaced the 2020 election.
Representative Jamie Raskin, the highest Democrat on the House Oversight Committee, mentioned the investigation confirmed Mr Trump “put lining his pockets with cash from foreign governments seeking policy favors over the interests of the American people”.
“The report’s detailed findings make clear that we don’t have the laws in place to deal with a president who is willing to brazenly convert the presidency into a business for self-enrichment and wealth maximization with the collusive participation of foreign state,” he wrote within the introduction to the report.
Democrats mentioned their investigation confirmed that Mr Trump’s loyalties have been cut up by the funds, which got here from no less than 20 governments lots of which had delicate or politically charged issues earlier than the US.
They cite for example that Mr Trump supported arms gross sales to Saudi Arabia that have been opposed by Congress attributable to fears the weapons can be used towards civilians.
The report additionally notes he forged doubt on US intelligence assessments that the Crown Prince Mohammad bin Salman had ordered the homicide of Washington Post journalist Jamal Khashoggi.
After China, Saudi Arabia and its royal household was the second greatest patron of the Trump companies, spending greater than $600,000 at his properties, in accordance with the report.
Qatar, Kuwait and India rounded out the highest 5 listing.
Democrats mentioned that the findings replicate simply the primary two years of his presidency and solely 4 of his properties, claiming it seemingly represented only a fraction of the cash Mr Trump’s companies made out of international governments throughout his time as president.
In 2022, Democrats misplaced management of Congress and will not compel launch of paperwork, chopping brief the investigation.
Republican James Comer, who’s main an inquiry into the enterprise dealings of President Joe Biden’s son, Hunter, throughout his father’s vice presidency, dismissed the findings.
“It is beyond parody that Democrats continue their obsession with former President Trump,” he mentioned in a press release. “Former President Trump has legitimate businesses but the Bidens do not.”
Mr Trump’s tax data, launched in 2022, revealed vital enterprise losses throughout his presidency and he has scaled again his enterprise.
The Trump Organization offered the Washington lodge to an funding group for $375m in 2022.
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14 hours in the past
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11 December 2023
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