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Updated January 4, 2024 at 11:39 a.m. ET
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Former President Trump’s businesses (which he never fully exited) received at least $7.8 million directly from at least 17 foreign governments during his presidential term, according to a report released Thursday by Democrats on the House Oversight Committee. had received payment.
important facts
The Chinese government was the biggest spender on President Trump’s properties, spending a total of $5,572,548 on Trump Tower and the Trump International Hotels in Washington, D.C. and Las Vegas, according to the report.
Notably, President Trump chose not to impose sanctions on ICBC, a Chinese bank that the Justice Department said was helping North Korea evade sanctions (according to Forbes The company’s U.S. headquarters are in Trump Tower, and it paid President Trump about $7 million in rent for Trump Tower (reported).
Saudi Arabia also spent an estimated $615,422, most of which went toward the $11,189.21 monthly rent for a property on the 45th floor of Trump Tower.
Meanwhile, President Trump signed a $100 billion arms deal and became the first US president to visit Saudi Arabia on his first foreign trip since taking office.
The United Arab Emirates spent $65,225 over seven months at the Trump International Hotel in Washington while the Gulf nation urged the United States to support its blockade of neighboring Qatar.
The Indian government, which owns Trump’s largest overseas business portfolio, spent $282,764, mostly on monthly rent for two Trump Tower apartments.
Main background
The Constitution’s Foreign Honors Clause prohibits the president from accepting “any gift, honor, office, or title of any kind from any King, Crown Prince, or foreign nation” without the consent of Congress. . President Trump has refused to hand over his own business to a blind trust, as other presidents have done in the past, and has instead transferred his day-to-day operations to his sons Eric Trump and Donald Trump.・I left it to Mr. Junior. House Democrats now claim the Trump family could have: He has profited from the presidency by accepting payments for Trump’s real estate rent and hotel stays during his time in office. The House Oversight Committee compiled its report based on documents obtained from the 2020 Supreme Court case Trump v. Mazars USA, in which a former president sued to prevent his former accounting firm from responding to a subpoena. Ta. But Democrats also acknowledged that the data in the report was incomplete. After Republicans took over the House majority in 2023, Rep. James Comer (R-Ky.), the new Oversight Committee chairman, said he would not force Mazar to complete documentation on the case. Instead, the company decided to release the company from any further obligations under the proposed settlement. House Democrats denounced the move as “outrageous.”
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