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HomeU.S.Trump Received Millions From Foreign Governments as President, Report Finds 

Trump Received Millions From Foreign Governments as President, Report Finds 

Evidence that he received at least $7.8 million from foreign entities while in government was made public by House Democrats, demonstrating the kind of behaviour the G.O.P. is attempting to link to President Biden. 

House Democrats’ Report on Trump’s Foreign Business Dealings

According to newly released documents by House Democrats on Thursday, Donald J. Trump’s businesses received at least $7.8 million from 20 foreign governments during his presidency. These transactions, mostly from China, shed light on the earnings he garnered from foreign dealings while residing in the White House. The 156-page report titled “White House for Sale,” prepared by Democrats in the House Oversight Committee, presents detailed transactions, indicating that the former president engaged in behavior previously seen in House Republicans. Unsuccessfully, this is being used to argue that President Biden worked against them by making a case for their impeachment

Foreign Governments’ Dealings with Trump

Utilizing documents produced through legal battles, the report reveals how foreign governments and their controlled entities, including a top American adversary, engaged with Trump’s businesses while he was president. They made significant payments to the Trump International Hotel in Washington, D.C., the Trump International Hotel in Las Vegas, the Trump Tower on Fifth Avenue in New York, and the Trump World Tower at 845 United Nations Plaza in New York. House Democrats highlighted these transactions on Thursday, contrasting them with allegations against Hunter Biden, President Biden’s son, linking him to his previous international business deals. Their aim: to prove corruption or influence-peddling by the president

FILE PHOTO: The Trump International Hotel is seen in Washington, U.S. September 28, 2020. REUTERS/Erin Scott

Reactions and Defenses

Representative Jamie Raskin stated, “President Trump violated the Constitution’s clear commands and the caution exercised by every previous commander by elevating his private financial interests and corrupt foreign powers above the American public interest.” The report found that China made the largest total payment of $5.5 million to Trump’s businesses. Saudi Arabia was the second-largest spender, investing over $615,000 in Trump World Tower and Trump International Hotel. Eric Trump, the former president’s son, has long argued that foreign interests did not influence his father’s presidency and that the company gained no benefits. The issue of emoluments, referring to profits from dealings with foreign governments, has been a subject of contention

The Constitution and its Provisions

The Constitution prohibits a president from accepting any form of payment, gift, or emolument from foreign governments or kings without obtaining “the consent of Congress.” The report claims that Trump never sought consent from Congress. Democrats have pursued an aggressive legal battle for years to access even a fraction of Trump’s professional records. Following court victories, accounting firm Mazars USA, which severed ties with Trump and his family businesses, began handing over financial documents related to his dealings in 2022. They stated that they could no longer tolerate further delays. These documents were prepared for Trump Organization’s annual financial disclosures for over a decade

Shri Komar’s Stance on Financial Transactions

Shri Komar clarified that he has set aside any investigation into the former president’s financial dealings, instead focusing on whether Mr. Biden and his family members were involved in any influence-peddling schemes. However, Democrats argue that they had received significant materials before the investigation, which they had ceased. The report states, “Seriously, this subset of documents reveals a surprising web of millions of dollars directly paid by foreign governments and their agents to businesses owned by Trump when he was in the White House.” These payments were made when these governments were either aligning with the Trump administration or, at times, specifically advancing foreign policy objectives with President Trump himself

The Trump international hotel is seen in Washington, DC, on February 15, 2022. – Donald Trump’s longtime accountants have ditched the former US president as a client, saying a decade’s worth of financial statements could not be relied upon, court documents showed February 14, 2022. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Report on Trump’s Foreign Transactions

This report stems from a years-long investigation into payments from foreign-controlled entities to Mr. Trump while in office. The investigation, initiated in 2016 under Maryland Democratic Representative Elijah E. Cummings, who passed away in 2019, claims that Mr. Trump sometimes turned a blind eye to properties provided by foreign governments, including a 2015 campaign rally. It was suggested that his personal financial incentives could influence his behavior towards another government. The report quotes him saying, “Saudi Arabia, all of them, they buy apartments from me. They spend $40 million, $50 million. Am I supposed to dislike them? I like them very much!” The report urges Congress’s legislative branch to consider adopting new disclosure rules to aid in obtaining proper scrutiny, proposing a more formal process for presidents and other officials to seek congressional approval when receiving and retaining funds from other countries. 

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