London Daily

Focus on the big picture.
Thursday, Jul 16, 2026

Trump Organisation pressed on US president’s Chinese bank account

Trump Organisation pressed on US president’s Chinese bank account

Democrat lawmakers want company to reveal name of financial institution and provide detailed accounting of transactions.

Top US Senate Democrats are asking the Trump Organisation to explain the company’s ties to China after reports from The New York Times that the US president’s company has a bank account there.

In a letter to Trump Organisation lawyer Alan Garten obtained by Bloomberg News, the senators asked for the name of the financial institution and for a detailed accounting of all the transactions between US President Donald Trump’s bank account and China since 2013.

The letter comes as Democrats are making their closing arguments to voters about why they should deny Trump a second term in the November 3 presidential election. Democrats said it is imperative that Congress understand the president’s financial entanglements in China, particularly after refusing to relinquish control of his company or publicly release his tax returns.

Trump has denied any wrongdoing and says that his Chinese bank account has been closed for years.

‘They would have called me Beijing Barry’: Obama taunts Trump about Chinese bank account


“I closed it before I even ran for president, let alone became president,” Trump said in the final presidential debate this month.

The letter, signed by Senate Minority Leader Chuck Schumer and Senators Ron Wyden and Sherrod Brown, requested more information about a entity controlled by the president’s company, Trump International Hotels Management, which The New York Times said paid US$188,561 in taxes to China between 2013 and 2015.

The senators asked for more information about how much that entity has earned in China and other foreign countries.

“It appears that in 2017, immediately after President Trump took office, Trump International Hotels reported an unusually large increase in revenue of US$17.5 million,” the senators said in the letter.

“This was reportedly followed by a US$15.1 million withdrawal by President Trump from the company’s capital account.”

The senators said it remains unclear where the money came from and how it was spent.

Bombshell New York Times report claims Trump hasn’t paid income tax for ‘10 of the past 15 years’


The lawmakers also asked for more information about trademarks the Chinese government has approved for entities owned by Ivanka Trump, the president’s daughter and a White House aide.

The lawmakers asked if the president has any ties to the accounts holding those trademarks.

Newsletter

Related Articles

0:00
0:00
Close
Zelensky Faces Kyiv Protests Over Ousting of Dynamic Ukrainian Defense Minister
Colombia Influencer Dies After Cosmetic Procedure at Unlicensed Bogota Salon
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Canadian Wildfire Crisis Triggers Transnational Air Quality Alerts Ahead of Soccer Finale
UK Housing Reform Debate Intensifies Over Tenant Protection Measures
UK Defence Official Challenges Russian Narrative on NATO Readiness and European Security
UK Names Independent Member to Judicial Pension Board to Strengthen Oversight
UK Parliamentary Committee Sets New Framework for Select Committee Leadership Roles
UK Government Pushes Energy Savings Through School Solar Expansion Plan
UK Committee Reviews Future of Gaelic Broadcasting and Language Support
UK Government Expands Industrial Skills Support in Wales as Steel Sector Faces Change
UK Rejects Russian Claims That European Defence Spending Is Aggressive
UK Schools and Gaelic Broadcasting Among Areas Reviewed in New Parliamentary Inquiries
UK Housing Committee Calls for Stronger Tenant Protections Under Rental Reform Plans
UK Government Faces Pressure for Stronger Oversight After South East Water Failings Report
UK Parliament Opens Inquiry Into Safety of Women and Girls on Public Transport
UK Defence Ministry Appoints Interim Chief Defence Medical Officer During Transition Period
UK Government Announces Five Million Pound Skills Programme for Young People in Port Talbot
UK Government Launches Solar Programme to Cut Energy Costs for Schools
Met Office Warns Extreme Weather Is Becoming More Common Across the UK
UK Government Faces Internal Debate Over New Chancellor Appointment Under Andy Burnham
Andy Burnham Set to Become UK Prime Minister After Keir Starmer’s Resignation
UK Economy Grows Slightly in May as Supply Chain Disruptions Continue to Weigh on Industry
British Steel Moves Into UK Public Ownership to Protect Domestic Steel Production and Jobs
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Spain and UK Dismantle Gibraltar Border Following Landmark Schengen Integration Treaty
Church of England Rejects Plan to Rewild Thirty Percent of Land by 2030
UK Parliament Examines Future of Gaelic Broadcasting in Scotland
Thames Water Faces Criticism Over Four Million Pounds in Bonus Payments
South East Water Crisis Puts UK Water Regulation Under Renewed Scrutiny
UK Report Highlights Racial Inequality in Homelessness Support Services
UK Government Defends Proposed Social Media Curfew for Teenagers Despite Criticism
Reform UK Gains Recognition as Major Political Party in New Polling
Labour Party Faces Internal Divisions Over Gaza Policy and Asylum Reform
Experts Warn UK Housing and Transport Infrastructure Is Unprepared for Rising Extreme Heat
UK Human Rights Committee Begins Review of Immigration and Asylum Bill
UK Parliament Launches Inquiry Into Declining High Streets Across England
Bank of England Governor Warns of Growing AI Risks to Global Financial Security
UK Public Finance Institutions Mobilize Fifty Billion Pounds to Support Growth and Jobs
UK Parliament Opens Inquiry Into Long-Term Strategy Toward Russia
UK-India Trade Agreement Takes Effect With Zero-Duty Access for Nearly All Indian Exports
Forget Tinder: The Surprising Platform Where People Find Love
UK Government Faces Growing Debate Over Local Control of Immigration Enforcement
UK Biodiversity Forum Highlights Business Need to Protect Natural Environment
UK Parliament to Consider Workplace Temperature Limits Amid Climate Concerns
UK Parliament Considers Independent Immigration Appeals Authority Proposal
BBC Charter Renewal Scrutiny Intensifies as Parliament Reviews Broadcaster’s Future
Parliament Reviews Future of UK Maternity and Neonatal Care Services
UK-India Trade Accelerator Launched to Help Smaller Firms Expand Into Indian Market
×