Donald Trump Jr. called out former U.S. Vice President Joe Biden, saying that the 2020 presidential candidate is “incentivized” to pretend that the Chinese communist regime poses no threat to the United States, by noting that Biden’s son reportedly obtained $1.5 billion from the Chinese regime.
Trump Jr.’s June 5 remarks on Twitter were in response to Biden’s comments at a campaign in New Hampshire on June 4.
Biden, who announced his bid for the 2020 Democratic presidential nomination in late April, had brushed off concerns about China’s economic threat to American workers.
“We’re in a position where we have the most agile venture capitalist [sic] in the world,” Biden said on June 4. “Our workers are literally three times productive as workers in the far east—in Asia. So what are we worried about?”
“Well his son took $1.5 BILLION form [sic] the Chinese govt so I’m sure he’s incentivized to pretend they’re not a threat,” Trump Jr. wrote on Twitter.
“Of course no one with a brain believed it but media won’t cover it, because Joe’s their guy and always gets a pass despite his 50 years of failures in government.”
Trump Jr.’s comments appear to refer to details revealed in the 2018 book “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends” by author Peter Schweizer.
In the book, Schweizer asserted that a deal had taken place in 2013 between the now-defunct investment firm Rosemont Seneca Partners—co-founded by Biden’s son Hunter Biden—and the state-run Bank of China.
“In December of 2013, Hunter Biden flies on Air Force 2 to Beijing, China, with his father. His father meets with Chinese officials, he’s very soft on Beijing. The most important thing that happens, happens 10 days after they return,” Schweizer said in a March interview with Fox News.
At the time, Joe Biden was vice president.
“And that’s when Hunter Biden’s small private equity firm called Rosemont Seneca Partners gets a $1 billion private equity deal with the Chinese government, not with a Chinese corporation, with the government.
“And what people need to realize is Hunter Biden has no background in China, he has no background in private equity, the deal he got in the Shanghai free-trade zone, nobody else had. Goldman Sachs, Bank of America, Blackstone, nobody had this deal.”
This is not the first time Biden has dismissed threats from the Chinese regime. At a campaign rally in Iowa on May 1, Biden said that China, the world’s second-largest economy, is “not competition.”
“China is going to eat our lunch? Come on, man!” Biden said, adding that the Chinese regime had enough domestic problems to deal with.
“They can’t figure out how they’re going to deal with the corruption that exists within the system,” he continued. “They’re not bad folks, folks. But guess what, they’re not competition for us.”
Shortly after Biden announced his presidential bid in late April, former White House strategist Steve Bannon called on him to disclose his and his family’s links to the Chinese regime.
“Joe Biden’s gotta come 100 percent clean on his relationship and his family’s relationship with the CCP [Chinese Communist Party],” Bannon said at a conference in New York City on April 25, hosted by the Committee on Present Danger: China. Bannon’s comments were also referring to Schweizer’s book.
“We need to know every piece of involvement that Joe Biden has had with the CCP, the Bank of China, and all the financial institutions in China.”
