Oh, that’s right—according to multiple news outlets, the president’s total about-face on China came just 72 hours after the developer of a theme park outside Jakarta, known as MNC Lido City, with whom the Trump Organization has an agreement to license its name, signed a deal to receive $500 million in Chinese government loans, in addition to another $500 million from government banks. According to Agence France-Presse, the Trump Organization will rake in almost $3.7 million in licensing and consulting payments from Lido, along with another project in Bali. The company will also earn management fees, and be “eligible for additional unspecified incentives.” (Upon entering the White House, Trump turned over day-to-day management of the family business to his sons Donny Jr. and Eric, but chose not to divest himself financially from the company.)
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posted 2168 days ago