>The payment illustrates the political minefield Mr. Trump has created by maintaining personal financial ties with foreign businesses while he is in office.
Enemies of the people
Hilldawg4president on
If I say what I think, I will be banned
Freewhale98 on
1. Summary
A Korean company under investigation by the US government for allegedly dodging tariffs on Chinese products now faces scrutiny after it was revealed that its parent company paid $2 million to a business owned by the family of U.S. President Donald Trump.
The New York Times reported that the payment has fueled speculation that the company may have sought to leverage its private ties to the Trump family to lobby for favorable treatment as US-China trade tensions escalate.
Base Group, the parent of Korea Aluminium, paid $2 million to The Trump Organization last year, according to President Trump’s latest financial disclosure obtained and reported by The New York Times.
2. How is this related to the sub
(1) The rise of extractive Institutions in the US: Trade investigations are retooled to be a vehicle for extracting profit for the ruling family.
3. My opinion
I don’t blame Korean companies for paying the bribe. That is how they survived under the military junta and operated in other authoritarian states. It’s just the “business environment” in the US had an interesting development.
musical8thnotes on
That’s a bribe
No-Section-1092 on
Mass prosecutions of this rotten corrupt administration should be the bare minimum for any half competent Democratic president.
5 Comments
>The payment illustrates the political minefield Mr. Trump has created by maintaining personal financial ties with foreign businesses while he is in office.
Enemies of the people
If I say what I think, I will be banned
1. Summary
A Korean company under investigation by the US government for allegedly dodging tariffs on Chinese products now faces scrutiny after it was revealed that its parent company paid $2 million to a business owned by the family of U.S. President Donald Trump.
The New York Times reported that the payment has fueled speculation that the company may have sought to leverage its private ties to the Trump family to lobby for favorable treatment as US-China trade tensions escalate.
Base Group, the parent of Korea Aluminium, paid $2 million to The Trump Organization last year, according to President Trump’s latest financial disclosure obtained and reported by The New York Times.
2. How is this related to the sub
(1) The rise of extractive Institutions in the US: Trade investigations are retooled to be a vehicle for extracting profit for the ruling family.
3. My opinion
I don’t blame Korean companies for paying the bribe. That is how they survived under the military junta and operated in other authoritarian states. It’s just the “business environment” in the US had an interesting development.
That’s a bribe
Mass prosecutions of this rotten corrupt administration should be the bare minimum for any half competent Democratic president.