We Insist: A Timeline Of Protest Music In 2020. Rob, thanks very much. That's the company that provides electricity to nearly all of China. SCHMITZ: Well, I mean, the fact that the incoming president of the largest economy on the planet has expressed an interest in building two dozen hotels on state-owned land in China puts China's leadership in a potentially powerful position with President-Elect Trump. In 2015, Jason Greenblatt, then a Trump Organization attorney, tried to negotiate a deal between the Trump Organization and the Shanghai Municipal Investment Group, owned by the Chinese government. SCHMITZ: Well, like many prospective business deals here in China, his business deals follow the sort of familiar one-step-forward-two-steps-back approach. Follow Kinetz on Twitter at https://twitter.com/ekinetz, A document from the website of China's Trademark Office of the State Administration for Industry and Commerce showing provisional approval of a trademark for Ivanka Trump Marks LLC is seen on a computer screen in Beijing, Tuesday, Nov. 6, 2018. In October, China's Trademark Office granted provisional approval for 16 trademarks to Ivanka Trump Marks LLC, bringing … However, there is ample evidence of Trump’s efforts to do business there. As for the former vice president, his public financial disclosures, along with the income tax returns he voluntarily released, show no income or business dealings of his own in China. SHANGHAI (AP) — The Chinese government granted 18 trademarks to companies linked to President Donald Trump and his daughter Ivanka Trump over the last two months, Chinese public records show, raising concerns about conflicts of interest in the White House. INSKEEP: OK, bad timing there. Many Chinese government approvals came after he became president. The deal was to build what was called a, quote, unquote, "major development in Beijing worth a billion dollars.". As with Russia, where he explored hotel and tower projects in Moscow without success, Trump has long sought a licensing deal in China. In a 2011 interview with Forbes, Trump described his relationship with China as, “I deal with China, as an example, a lot. And a visit to its office showed that Trump's Asia branch has been closed for some time. INSKEEP: OK, so given everything you've said, Rob Schmitz, how might it affect China's relations with this incoming president, particularly since, so far he's declined to draw a bright line between his business and public affairs? Once the Chinese company was found to be illegally using public property, the negotiations fell through. You may need to download version 2.0 now from the Chrome Web Store. The new approvals cover Ivanka-branded fashion gear including sunglasses, handbags, shoes and jewelry, as well as beauty services and voting machines. I’ve come out on top, I’ve come out in great shape. But his efforts accelerated in 2012 with the opening of a Shanghai office, and tax records show that one of Trump's China-related companies, THC China Development LLC, claimed $84,000 in deductions that year for travel costs, legal fees and office expenses. In response to questions from The Times, Alan Garten, a lawyer for the Trump Organization, said the company had “opened an account with a Chinese bank having offices in the United States in order to pay the local taxes” associated with efforts to do business there. Your IP: 87.106.42.115 “I’m actually opening my first store in China, in Beijing — a jewelry boutique, which is very exciting,” Ivanka Trump told the South China Morning Post in 2012. Like many business owners from the United States or anywhere else coming into China, it's difficult to avoid doing business with state-owned enterprises because they do effectively control much of the market. China has said it handles all trademark applications equally under the law. This bank is owned by the Chinese government. In 2008, according to the South China Morning Post, Trump planned on funding an office complex in the Chinese city of Guangzhou, along with the Chinese investing company Evergrande Group. Aero #1 hits stores on Wednesday, as one of Marvel's much-lauded "first official Chinese superheroes," created in a beautiful international union of The Chinese government granted 18 trademarks to companies linked to President Donald Trump and his daughter Ivanka Trump over the last two months, Chinese public records show, raising concerns about ongoing conflicts of interest in the White House on the eve of a national election. Performance & security by Cloudflare, Please complete the security check to access. Trump’s sons Eric and Donald Jr. were planning on growing Scion hotels in other Chinese cities. In 2008, Mr. Trump pursued an office tower project in Guangzhou that never got off the ground. However, he once owned millions of dollars to the Bank of China itself, as it had financed his stake in the Avenue of the Americas. It’s not like I’m anti-China.”. The group had estimated assets of $285 billion. Another way to prevent getting this page in the future is to use Privacy Pass. They can be a sign of corporate ambition, but many companies also file defensively, particularly in China, where trademark squatting is rampant. Cloudflare Ray ID: 5ec9f2c5fd0e1f25 Is Trump doing business with the government of China here? Her presence in China has continued: in 2019 China gave her company approval for five trademarks. SCHMITZ: Yes, of course. Trump was going to brand and manage the project, which would have been worth $1 billion. That is one of the big banks of China, and he owes that for a building that was built in Manhattan. The project would have involved purchasing land in Manhattan and developing a tower larger than Trump Tower. Their lease ended in 2019. Both the president and his daughter have substantial intellectual property holdings in China. The approvals came three months after Ivanka Trump announced she was dissolving her namesake brand to focus on government work. All the trademarks were applied for in 2016. Trump Tower is the building that houses a New York branch of the Industrial & Commercial Bank of China, according to Forbes. What’s more, his children have also profited from their myriad businesses in China—and are poised to make more whenever they leave office. He said the company had opened the account after establishing an office in China “to explore the potential for hotel deals in Asia.”, “No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive,” Garten said. “These trademarks were sought to broadly protect Ms. Trump’s name, and to prevent others from stealing her name and using it to sell their products,” Peter Mirijanian, a spokesman for Ivanka Trump’s ethics attorney, said in an email. The authoritative record of NPR’s programming is the audio record. “An array of Trump-branded clothes, accessories, and other products are made in China,” the report said. “This is a common trademark practice, which is why the trademark applications were granted.”. And, I’ve made some very big deals with the Chinese. Lawyers for Donald Trump in Beijing declined to comment. ABC News reported that while Trump accused China in 2011 of stealing American jobs, his products were manufactured in China. The Chinese account is controlled by Trump International Hotels Management LLC, which the tax records show paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015. Those companies claimed at least $97,400 in business expenses since 2010, including some minor payments for taxes and accounting fees as recently as 2018, the Times reported. That was the year he signed a deal with Evergrande Real Estate Group. Here’s a list of all the public dealings Trump and his family have had with China. “Though the bank account remains open, it has never been used for any other purpose.”. ROB SCHMITZ, BYLINE: Good morning, Steve. They hired a CEO to manage operations, and a year later they signed a … Two developments in Dubai and Indonesia, that included Trump-branded properties and hotels, were receiving services from these firms. Upon its completion in 2009, the building became the seventh-tallest building in the world, behind the 1,380-foot (420.6 m) Jin Mao Tower in Shanghai, People's Republic of China. The Chinese company, which bought the tower for US$463 million with its partners before Donald Trump became president, had been trying to sell the property since at least early 2018. His campaign has tried to portray former Vice President Joe Biden as misreading the dangers posed by China’s growing power. Jared Kushner, husband to Ivanka Trump, was at one point involved in talks with the Chinese Anbang Insurance Group, according to the New York Times. However, the deal fell through when the Trump Organization tried to get an ownership stake in the project without investing capital. Donald Trump, the president-elect, has business interests around the globe. During the 2016 campaign, a shell company controlled by a Chinese couple from Vancouver bought 11 units, for $3.1 million, in the Las Vegas tower Trump co … The project would have involved purchasing land in Manhattan and developing a tower larger than Trump Tower. Snopes confirms “Trump’s company holds a variety of trademarks in China, including one for coffins.”, Snopes notes, “Ivanka Trump shuttered her business in July 2018 to focus on work for the White House.” But Snopes adds that the the government transparency nonprofit Citizens for Responsibility and Ethics in Washington (CREW)  has argued, “her trademarks remain a potential conflict of interest as she continues to work on policy in the White House and meet with foreign leaders.”. Companies register trademarks for a variety of reasons. That's one of China's largest developers. In October, China’s Trademark Office granted provisional approval for 16 trademarks to Ivanka Trump Marks LLC, bringing to 34 the total number of marks China has greenlighted this year, according to the office’s online database. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. • And so even the land - you know, Trump is a real estate developer - even the land in China is all owned by the state. While he criticizes the Chinese government, Trump has made money in business dealings there, as well as with Chinese investors. Missing absentee ballots prompt costly, lengthy in-person voting journeys, Biden: 'We have to restore decency and honesty in our system', Undercover police officers used the names of dead children to create fake identities for decades, inquiry told, Woman shares alleged bizarre encounter with Leonardo DiCaprio: ‘Do you know who I am', Trump Mocked After Claiming He's 'Most Innocent Man' In U.S. History, Single foster dad adopts five siblings so they won’t be separated, College students, grandmothers and immigrants: These are the faces of first-time voters, Federal judge orders U.S. But his efforts accelerated in 2012 with the opening of a Shanghai office, and tax records show that one of Trump’s China-related companies, THC China Development LLC, claimed $84,000 in deductions that year for travel costs, legal fees and office expenses.

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