True Left

President Donald Trump signed an order banning U.S. investment in Chinese firms determined to be owned or controlled by the country’s military. This is the latest bid by the White House to ramp up pressure on Beijing. Bloomberg’s Tom Mackenzie reports on “Bloomberg Daybreak: Asia.”

Pres. Trump maintains a bank account in China that he has never publicly disclosed, according to tax documents obtained by The New York Times. Trump's account in China has remained a secret because it is held under a corporate name, Trump International Hotels Management. In 2017, that company 'reported an unusually large spike in revenue — some $17.5 million, more than the previous five years’ combined,' The Times reported. 'It was accompanied by a $15.1 million withdrawal by Mr. Trump from the company’s capital account.' Trump has repeatedly assailed Joe Biden as 'soft on China.' Tax records show Trump paid $188,561 in taxes in China through his company from 2013 to 2015, vastly more than the $750 he paid in federal U.S. income taxes in 2016 and 2017. A lawyer for the Trump Organization would not disclose the bank where the president maintains his account.