Trump refused to sanction Chinese bank accused of helping North Korea: Report | NK News
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October 07, 2026Oct 07, 2026

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Trump refused to sanction Chinese bank accused of helping North Korea: Report

Democrats in Congress suggest former president declined to blacklist bank because it was tenant of Trump Tower

Former U.S. President Donald Trump refused to blacklist a Chinese bank that was a “well-paying tenant” at Trump Tower despite evidence that it helped North Korea evade U.S. sanctions, according to a new report by congressional Democrats.

The report released Thursday by Democrats on the House Oversight Committee claims Donald Trump’s hotels and other businesses accepted more than $7.8 million from foreign governments during his presidency, violating the U.S. Constitution’s foreign emoluments clause. 

The clause prevents federal officials, including the president, from accepting money or gifts from foreign governments without permission from Congress.

The Industrial and Commercial Bank of China