REPORT: Ivanka Trump Snags Huge Chinese Business Advantage on Same Day She Dines with President Xi
Ivanka Rakes in ‘Monopoly’ Money as She Dines with Chinese President Xi
She may not be drawing a paycheck from the federal government, but first daughter Ivanka Trump is realizing the financial perks of having a literal seat at her father’s table. According to the Associated Press, Ivanka’s business was granted multiple trademark protections from the Chinese Government on the same day she dined with Chinese President Xi Jinping at Mar-A-Lago earlier this month.
Ivanka Trump and her husband, Jared Kushner, sit next to Chinese President Xi Jinping and his wife, Peng Liyuan, at a state dinner at Mar-a-Lago. That same day, China grants her company preliminary approval for three trademarks that confer monopoly rights to sell Ivanka brand jewelry, bags and spa services in the world’s second-largest economy.
This marks the second time in the still-nascent Trump administration that family business was given these valuable trademarks by Chinese officials. In February, Think Progress Judd Legum editor connected the dots between President Trump’s reversal on “One China” and the granting of business rights that the Trump Organization had been seeking since 2006. Similarly, the president recently did an 180-degree turn on his own campaign pledge to label China a “currency manipulator.”
While Ivanka Trump’s attorney says she “will not weigh in on business strategy, marketing issues, or the commercial terms of agreements”, The Boston Globe notes that she — along with her husband — maintain significant interests in the world’s most populous country:
(T)he first daughter and her husband have emerged as prominent interlocutors with China, where they have both had significant business ties. Last year, Kushner pursued hundreds of millions of dollars in real estate investments from Anbang Insurance Group, a financial conglomerate with close ties to the Chinese state. After media reports about the deal, talks were called off.
With their father now capable of directly impacting their bottom line from a policy perspective, they must be getting tired of so much winning.
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