US President Donald Trump’s son, Eric, is quietly collaborating with the US’s worst economic enemy, China.
After threatening to impose prohibitive tariffs on imported goods from China, Donald claimed the United States was waging a trade war with the eastern state. However, documents filed with the US Securities and Exchange Commission indicate that the pope’s threatening rhetoric hasn’t stopped Eric from maintaining partnerships with the Chinese.
It turned out that the American company Bitcoin A corporation 7,5% owned by Trump’s son, Bitmain, secured an incredibly lucrative deal with the Chinese company Bitmain, which agreed to sell 16,299 ASIC Bitcoin miners to the Americans for $314 million and use BTC, rather than fiat currency, as collateral to guarantee payment. Furthermore, the Chinese will only be able to reclaim the digital assets after two years, rather than the usual six months, if the Americans default.
ASIC miner from Bitmain
Experts call such terms of the agreement unique and suspiciously advantageous for American Bitcoin Corporation. There’s a theory that the Chinese lent a hand to Eric’s company employees, seeking to influence his father to lobby for crypto-friendly regulations on digital assets and energy. This hypothesis is supported by Bitmain’s plans to open an ASIC miner manufacturing facility in the US by the end of 2025.