By Chase Peterson-Withorn, Forbes, October 24, 2018
On a glitzy New York City block, nestled between Radio City Music Hall and CBS’ world headquarters, sits 1290 Avenue of the Americas. It’s a typical Manhattan skyscraper, home to investment firms, law practices and an insurance company. Except it’s partly owned by the President of the United States—and partly financed by the government of China.
At a time when Trump is waging a trade war with Beijing, such an arrangement could create ethical concerns. And yet the federal filing meant to reveal the president’s potential conflicts of interest, his 92-page annual financial disclosure report, makes no mention of the building’s $950 million mortgage or the fact that Trump’s 30% stake in the property puts him on the hook for 30% of that partly Chinese-financed debt.