Speaker Nancy Pelosi (D-Calif.) on Wednesday hammered President Trump over a new report that he has an undisclosed bank account in China, calling it a serious “national security issue” since the government in Beijing is heavily involved in the country’s financial industry.
“Again, we mentioned the state involvement of banks in China. They can watch the flow of money there and perhaps have some, shall we say, sway over the person who’s taking money or putting money into that account. So it is a national security issue,” Pelosi said during an appearance on MSNBC.
“Shame on the president that he has a bank account in China,” she added.
The Speaker said she is sure more information will trickle out about Trump’s Chinese bank account before the election. And she said the public would have known about it sooner if Trump had disclosed his tax returns.
“But the fact is … what is the source of those funds, and what is the obligation of them? And that’s a national security matter,” she said
The report in The New York Times late Tuesday revealed that Trump has bank accounts in three foreign countries: China, Britain and Ireland. None were listed on his public financial disclosures. The Chinese account is controlled by Trump International Hotels Management LLC, which tax records obtained by the Times showed paid $188,561 in taxes in China from 2013 to 2015.
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JUST IN: Pelosi calls Trump bank account in China a "national security issue" https://t.co/zjjn7hIWSL pic.twitter.com/LIdoxCkpHu
— The Hill (@thehill) October 21, 2020
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