Pete Buttigieg Says Trump's Chinese Bank Account Bothers Americans More than Hunter Biden Saga

Former South Bend Mayor Pete Buttigieg argued on Thursday that President Donald Trump's Chinese bank account was more of a concern for American voters than Hunter Biden.

The Democrat made another appearance on Fox News, where he's become a frequent guest and defender of former Vice President Joe Biden, and highlighted the recent news about the president's previously unknown account.

Buttigieg was asked about Hunter Biden's business deals. Trump and his allies have focused on unproven allegations of corruption against the former vice president's son in recent weeks.

The quote

"As far as I know, even Fox News hasn't confirmed the authenticity of a lot of this stuff being thrown around there. You know, what I think this really comes down to is desperation," Buttigieg said.

"If they want to make this about the business deals of a government official, let's talk about the President of the United States having a secret Chinese bank account," he went on.

"That's not like something somebody said that used to work with somebody related to the president, that's a matter of documented fact. And they won't even tell us what bank it was with? Does that bother Americans? I'm pretty sure it bothers Americans a lot more than what they've been trying to whip up for the last 12 days of this election season."

Why it matters

The New York Times reported on October 20 that Trump had a bank account in the People's Republic of China and that Trump International Hotels Management (TIHM) paid $188,561 in tax to China from 2013 to 2015. The company was pursuing licensing deals at the time.

This followed a previous Times story that claimed Trump had paid just $750 in federal income taxes to the U.S. government in 2016 and 2017. The president defended his Chinese account.

"I have many bank accounts and they're all listed and they're all over the place," Trump said at Thursday's presidential debate. "I was a businessman doing business."

The president has accused Hunter Biden of making "millions of dollars" from China "very rapidly" and has suggested the former vice president was somehow involved. While Hunter Biden had business dealings in the country, it appears Trump may have exaggerated the figures and no evidence has yet been presented to show anything illegal.

Context

There is no polling yet on how Trump's Chinese bank account may have affected voters' views on the election. However, the president's odds of victory lengthened following the New York Times article.

Trump's re-election odds fell from 6-4 to 9-5 on Thursday, meaning his implied chance of winning in November slipped from 40 percent to 36 percent, according to Oddschecker, a betting comparison site.

Former South Bend Mayor Pete Buttigieg
Former South Bend, Indiana Mayor Pete Buttigieg announces he is ending his campaign to be the Democratic nominee for president during a speech at the Century Center on March 01, 2020 in South Bend, Indiana. Buttigieg was the first openly gay candidate for president. He's made several Fox News appearances criticizing President Donald Trump. Scott Olson/Getty Images