October 12, 2016

Donald Trump's Fraud: Using Chinese Steel and Concealing It Through Shell Companies @alternet

Donald Trump's Fraud: Using Chinese Steel and Concealing It Through Shell Companies @alternet:

"Trump says a lot of things, and he declares them to be the best things, the greatest things, like how he’s going to bring steel back to American cities like Pittsburgh. He’s had countless chances to do this and put his money where his mouth is. Yet he hasn’t. A Newsweek investigation by reporter Kurt Eichenwald revealed last week that in at least two of Trump’s last three projects, he chose to use Chinese steel and aluminum. Not only did Trump use foreign materials, but he also tried to conceal that fact by making the purchases through a series of shell and holding companies. Trump may have used foreign aluminum and steel in the third building as well. Eichenwald hasn’t finished that investigation yet. The man who built his entire campaign around a proposal to erect a wall actually built a “big, beautiful wall” in Chicago at the Trump International Hotel and Tower, which opened in 2009. He constructed the Chicago wall with Chinese aluminum. Imagine all of the American workers who could have been employed forging that metal right here in the United States. To make matters worse, the U.S. Department of Justice and the U.S. Department of Commerce filed documents with the U.S. Court of International Trade accusing the Chinese company that supplied Trump with aluminum of dumping the metal in the American market. Dumping means selling a product at a price below the cost of manufacturing it."