Revealed: Trump owes tens of millions of dollars to a state-owned Chinese bank

Article Link: https://www.rawstory.com/2020/04/revealed-trump-owes-tens-of-millions-of-dollars-to-a-state-owned-chinese-bank/

Discussion posted by: CPO1

President Donald Trump has been trying to portray former Vice President Joe Biden as a pawn of the Chinese government — but a new report from Politico claims that the president is literally tens of millions of dollars in debt to a Chinese state-owned bank. According to the report, a Trump real estate partner in 2012 initiated a $1 billion refinance scheme for a skyscraper at 1290 Avenue of the Americas in New York in which Trump owns a 30 percent stake. “The debt includes $211 million from the state-owned Bank of China — its first loan of this kind in the U.S. — which matures in the middle of what could be Trump’s second term, financial records show,” the publication writes. “Trump’s ownership of the building received a smattering of attention before and after his 2016 campaign.