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Lanon Wee

Democrats Claim Trump Businesses Were Given Millions by Foreign Governments

During his time in office, Donald Trump's companies and business entities received more than $7.8m in payments from foreign governments, per a new report from the Democrats in Congress. It was discovered that China was accountable for more than $5.5 million of the payments that Mr Trump is alleged to have taken in defiance of the American constitution. Documents released by Mr Trump's former accounting firm, after a court battle, form the basis of the report. Mr Trump made no immediate remark. The US Constitution prohibits presidents from obtaining gifts or any other advantages resulting from their office without being specifically allowed by Congress. The individual who achieved fame in the business world as an hotel and real estate mogul has had difficulty escaping inquiry concerning his companies' conduct since his inauguration to the presidency in January 2017. He put his sons in control of the companies' regular activities, while still holding ownership of them, including the Trump International Hotel in Washington. This hotel gained a reputation as a frequent stop for lobbyists, foreign representatives and other visitors. Lawsuits alleging conflicts-of-interest have been directed at Mr Trump, who is campaigning for re-election. In 2021, the Supreme Court of the United States dismissed the cases, as they were rendered irrelevant after the defeat of the plaintiff in the 2020 presidential election. Representative Jamie Raskin, the leading Democrat on the House Oversight Committee, asserted that the probe uncovered that Mr Trump "preferred to enrich himself by receiving money from foreign governments looking to obtain preferential treatment, rather than standing up for the welfare of the American people." The report's comprehensive conclusions demonstrate that we do not have the regulations in place to handle a president who attempts to turn the presidency into an instrument for personal profit and monetary gain, working in cooperation with foreign governments," he stated in the overview of the report. Democrats found evidence that Mr Trump's dedication to the US was in question due to the payments he accepted from around 20 governments, many of which had interests with significant political implications for the US. They use as a reference Mr Trump's endorsement of arms sales to Saudi Arabia, despite Congress's concern that the weapons could be used to harm civilians. The report noted his unwillingness to accept US intelligence assessments that the Crown Prince Mohammad bin Salman had commanded the killing of Washington Post reporter Jamal Khashoggi. Following China, Saudi Arabia and its royal family were the second largest supporters of Trump businesses, providing more than $600,000 in expenditures at his establishments, as stated in the report. The top five were comprised of Qatar, Kuwait, India, and two others. Democrats declared that the discoveries demonstrate only the initial two years of the president's term and only four of his businesses, hypothesizing it likely accounted for a small fraction of the money Mr Trump's enterprises obtained from foreign governments while he was president. In 2022, the Democrats' hold on Congress was lost, meaning they could no longer force the release of documents, thus ending the inquiry prematurely. James Comer, a Republican leading an investigation into the professional activities of President Joe Biden's son Hunter during the previous administration, downplayed the results. "The irony is astounding that Democrats continually fixate on ex-President Trump," he proclaimed in a press release. "Mr. Trump keeps active business interests but the Bidens do not." By the year 2022, Mr Trump's tax records demonstrated significant business losses during his term as president, prompting him to decrease his business activities. In 2022, an investment group purchased the Washington hotel from the Trump Organization for $375m.

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