The following article by Jonathan O’Connell and David A. Fahrenthold was posted on the Washington Post website July 5, 2018:
On July 6, United States tariffs on $34 billion in Chinese imports took effect, firing the first shots in a trade war between the world’s biggest economies. (Reuters)
As the Trump administration initiates a possible trade war with China, the president’s businesses continue to benefit from partnerships involving the Chinese government, via state-backed companies and investors.
Chinese government-backed firms are slated to work on parts of two large developments — in Dubai and Indonesia — that will include Trump-branded properties.
The Trumps are the landlord to one of China’s top state-owned banks, which has occupied the 20th floor of Trump Tower in Manhattan since 2008. The bank’s lease is worth close to $2 million annually, according to industry estimates and a bank filing.