Monday, August 17, 2020

Trump and China

INTRODUCTION: Donald J. Trump, 2015--

"I love China. The biggest bank in the world is from China. You know where their U.S. headquarters is located? In this building, in Trump Tower. I love China."


A.


Ivanka Trump Wins China Trademarks, Then Her Father Vows to Save ZTE

https://www.nytimes.com/2018/05/28/business/ivanka-trump-china-trademarks.html


B.

From Scott Dworkin:

Here’s video I found of Eric Trump saying “I’ve been to China many times—I love China—A lot of plans for China. We have an amazing buyer base from China that has apartments in our buildings—use our hotels—are members of our golf clubs.” Oh ok makes sense.

https://twitter.com/funder/status/1252195797808156672


C.


D.

Donald Trump’s Debt to China


https://www.newyorker.com/news/our-columnists/donald-trumps-debt-to-china

EXCERPT:

With criticisms of Trump’s handling of the pandemic growing and new opinion polls showing him trailing Biden in several key battleground states, we are sure to see more of these diversions. But adopting a China campaign strategy would also present a number of problems for Trump, beginning with the fact that Hunter Biden’s investment partnership isn’t the only American business that received funding from Chinese entities. In 2012, the Bank of China, a commercial bank owned by the Chinese state, provided more than two hundred million dollars in loans to a New York office building that Trump co-owns, Politico reported on Friday. The loans will come due in 2022, “in the middle of what could be Trump’s second term,” the timely article noted.

The building in question is 1290 Avenue of the Americas, which is located between West Fifty-first and West Fifty-second Streets. The majority owner of the building is Vornado Realty Trust, a big real-estate company that is run by the veteran developer Steven Roth. In 2007, the Trump Organization acquired a thirty-per-cent stake in the Sixth Avenue building and also in separate Vornado development, in San Francisco. By all appearances, the Vornado stake has been one of Trump’s most successful investments, and the Bank of China played a significant role in its success. “The debt stems from a $950 million refinancing deal in 2012, to which the Bank of China chipped in $211 million,” the Politico article said. “Vornado’s federal financial disclosures show it and the other owner of 1290 Avenue of the Americas—Trump—are still indebted from the 2012 deal.”


E.

Trump-owned properties in the US have imported more than 8 tons of Chinese goods since September


EXCERPT:

President Donald Trump's US properties imported more than eight tons of Chinese goods since September, according to a CNN analysis. 

More than six tons of tables were shipped to Trump International Hotel in New York last fall and two tons of cabinets were delivered to Trump National Golf Club Los Angeles in May, CNN reported.


F. 

The Chinese government has been gaining access to Trump through businesses that deal in prostitution and human trafficking. 

https://www.miamiherald.com/news/politics-government/article227186429.html


G.

Trump’s watchdog for COVID-19 stimulus cash

allowed millions to go to China-backed businesses


President Donald Trump tried to wage war against former Vice President Joe Biden for being too close to China, but it was revealed Sunday that the Trump administration’s appointees allowed supplemental money from the Paycheck Protection Program to be given to China-backed businesses in the United States.

The New York Times cited a study from Horizon Advisory on the publicly available data, “$192 million to $419 million has gone to more than 125 companies that Chinese entities own or invest in. Many of the loans were quite sizable; at least 32 Chinese companies received loans worth more than $1 million, with those totaling as much as $180 million.”

https://www.rawstory.com/2020/08/trumps-watchdog-for-19-stimulus-cash-sent-millions-to-china-backed-businesses/



H. 

From Open Secrets 


EXCERPT:

As Trump’s term continued, it became evident that Ivanka Trump would also benefit from China’s apparent attempts to tempt the Trump administration. On April 6, 2017, the same night Ivanka Trump dined with Jinping at Mar-A-Lago, the Chinese government granted her approval for three new trademarks to sell products related to jewelry, bags and spa services.

Along with trade, Chinese telecoms ZTE and Huawei emerged as major focal points in the foreign policy battle between the U.S. and China. U.S. officials consider both companies to be controlled by the Chinese government and thus a potential national security threat. The Trump administration in April 2018 banned American firms from selling parts to ZTE for seven years, dealing a crippling blow to the Chinese firm.

That ban didn’t last long. In what was considered a quid-pro-quo by some and a coincidence by others, Trump in May 2018 tweeted he would to find a way to save ZTE shortly after China approved seven new trademarks for Ivanka Trump’s various business measures. The deal also came shortly after reports that a state-owned Chinese company would provide $500 million for a Trump-licensed project in Indonesia.

Trump delivered on his promise, striking a deal with ZTE last June to lift crippling sanctions in exchange for a $1 billion fine and a restructuring of the company’s leadership. The decision was widely panned by Trump’s advisers and Republican allies in Congress. The Senate swiftly voted to block the deal, arguing that ZTE is a national security threat, but both chambers of Congress later agreed to drop an effort to derail the deal. Trump followed up in July 2018 by lifting the ban on ZTE just three months after it was enforced.



I. 

Bolton says Trump didn’t just ignore human rights but encouraged China’s concentration camps




J. 

Trump praised China's COVID-19 response repeatedly.


JANUARY 24, 2020

Trump Tweet:

“China has been working very hard to contain the coronavirus. The United States greatly appreciates their efforts and transparency. It will all work out well. In particular, on behalf of the American people, I want to thank President Xi!”

https://www.cnbc.com/2020/01/24/trump-thanks-chinas-xi-jinping-for-handling-of-coronavirus.html

JANUARY 30, 2020

The first case of person-to-person transmission in the US was reported.

The health and human services secretary, Alex M. Azar II, directly warned Mr. Trump of the possibility of a pandemic during a call on Jan. 30, the second warning he delivered to the president about the virus in two weeks. Azar warned Trump that the virus could become a pandemic and that China should be criticized for its lack of transparency, per the Times. The president, who was on Air Force One while traveling for appearances in the Midwest, responded that Mr. Azar was being alarmist. Trump dismissed Azar as alarmist and rejected the idea of criticizing China. 

The World Health Organization declares an international health emergency.

Trump, during a speech in Michigan, said: “We have it very well under control. We have very little problem in this country at this moment — five. And those people are all recuperating successfully.”

 “We think we have it very well under control. We have very little problem in this country at this moment — five — and those people are all recuperating successfully. But we’re working very closely with China and other countries, and we think it’s going to have a very good ending for us … that I can assure you.” — Trump in a speech in Michigan.

FEBRUARY 2, 2020

Trump goes on Sean Hannity’s show and claims: “We pretty much shut it down, coming in from China.” Trump extols our “tremendous relationship” with China, and adds: “We did shut it down, yes.”

FEBRUARY 7, 2020

A study was published in the medical journal JAMA, which found that found that 41% of the first 138 patients diagnosed at one hospital in Wuhan, China, were presumed to be infected in that hospital. The study's results indicated that the virus was very infectious. Some researchers were warning of the contagious nature of the virus earlier in February as well.

In a series of tweets on February 7, Trump again praised the Chinese President's handling of the crisis.

"Just had a long and very good conversation by phone with President Xi of China. He is strong, sharp and powerfully focused on leading the counterattack on the Coronavirus. He feels they are doing very well, even building hospitals in a matter of only days. Nothing is easy, but he will be successful, especially as the weather starts to warm & the virus hopefully becomes weaker, and then gone. Great discipline is taking place in China, as President Xi strongly leads what will be a very successful operation. We are working closely with China to help!"

"I just spoke to President Xi last night, and, you know, we're working on the -- the problem, the virus. It's a -- it's a very tough situation. But I think he's going to handle it. I think he's handled it really well. We're helping wherever we can."

The Trump administration sends 18 tons of medical supplies to China.














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