Forbes: China Has Paid Trump $5.4 Million Since He Took Office, Trump Lied During Debate
President Donald Trump claimed during the presidential debate on Oct 22: “I don’t make money from China,” however, Forbes reports that Trump has made $5.4 million from a Trump Tower lease agreement with a Chinese state-owned bank:
The Industrial and Commercial Bank of China signed a lease for space in 2008, years before the president took office, paying about $1.9 million in annual rent. Trump is well-aware of the deal. “I’ll show you the Industrial Bank of China,” he told three Forbes journalists touring Trump Tower in 2015. “I have the best tenants in the world in this building.”
The Emoluments Clause in the U.S. Constitution, which prohibits federal officials from accepting “any present, emolument, office, or title, of any kind whatever, from any king, prince, or foreign state” without Congressional approval.