By Zachary Cohen and Kara Scannell | CNN
The Chinese government and its state-controlled entities spent over $5.5 million at properties owned by Donald Trump while he was in office, the largest total of payments made by any single foreign country known to date, according to financial documents cited in a report from House Democrats released Thursday.
Those payments collectively included millions of dollars from China’s Embassy in the United States, a state-owned Chinese bank accused by the US Justice Department of helping North Korea evade sanctions and a state-owned Chinese air transit company. Accounting records from Trump’s former accounting firm, Mazars USA, were obtained by Democrats on the House Oversight Committee.
China is one of 20 countries that made at least $7.8 million in total payments to Trump-owned businesses and properties during the former president’s stint in the White House, including his hotels in Washington DC, New York and Las Vegas, the report states.
The documents offer additional evidence of the rare practice of foreign governments spending money directly with businesses owned by a sitting president but are not a complete record of all foreign payments made to Trump’s businesses during his time in the White House.
At the time, Trump’s lawyer said the former president planned to donate foreign profits from his hotels to the US Treasury Department. However, the amount reportedly donated by the Trump Organization in 2017 and 2018 falls well short of estimated foreign payments that were made to its properties.
Trump refused to divest himself of corporate assets and properties prior to taking office, meaning he could still profit from his various businesses with little transparency.
Democrats say the additional accounting records raise new questions about possible efforts to influence Trump through his companies while he was in the White House.
As an example, committee Democrats point to the fact that Trump…
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