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Foreignspending

All articles tagged with #foreignspending

"Trump's $7.8 Million in Foreign Earnings Raises Legal and Ethical Alarms"

Originally Published 2 years ago — by The Hill

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Source: The Hill

Rep. Jamie Raskin criticized former President Trump on MSNBC's "Morning Joe" for allegedly receiving at least $7.8 million from foreign entities during his presidency, which could violate the Constitution's emoluments clause. The House Oversight Committee's report suggests that this figure, primarily from China, is likely just a portion of the total amount, as it only covers half of Trump's term and a fraction of his businesses. Raskin accused Trump of profiting from his office and implied that his actions were influenced by these payments, particularly from China and Saudi Arabia. He contrasted Trump's behavior with historical precedents where past presidents refused foreign gifts, and he criticized his Republican colleagues for ignoring these issues while pursuing an impeachment inquiry into President Biden.

"Documents Reveal Trump's Businesses Earned Millions from Foreign Governments During Presidency"

Originally Published 2 years ago — by CNN

Featured image for "Documents Reveal Trump's Businesses Earned Millions from Foreign Governments During Presidency"
Source: CNN

House Democrats released a report showing that the Chinese government and its state-controlled entities spent over $5.5 million at Trump-owned properties during his presidency, the most from any foreign country. The payments raise concerns about potential efforts to influence the former president, especially since Trump did not divest from his businesses upon taking office. The report also highlights that Trump did not impose sanctions on a Chinese bank that was a tenant in Trump Tower, despite its alleged involvement in helping North Korea evade US sanctions. The Chinese government insists it requires Chinese companies to comply with local laws and regulations overseas. The Trump Organization has not yet commented on the findings.