China currently handles the majority of device testing for the U.S. market.
  • nosuchanon@lemmy.worldEnglish
    2·
    6 hours ago

    Don’t forget all the other Trump branded businesses that also went bankrupt:

    Major Bankruptcies

    • Trump Taj Mahal (1991) – A casino in Atlantic City that struggled with debt

    • Trump Castle (1992) – Another Atlantic City casino that became unprofitable

    • Trump Plaza Hotel (1992) – A hotel in Manhattan that accumulated substantial debt

    • Trump Hotels and Casino Resorts (2004) – A restructured entity that faced financial difficulties

    • Trump Entertainment Resorts (2009) – The renamed Trump Hotels and Casino Resorts, which filed for bankruptcy again

    • Trump University (2010) – An educational venture that faced lawsuits and closed

    • Additional Ventures

      • Trump Mortgage (2006) – Failed within 18 months due to the housing market collapse
      • Trump Steaks (2007) – A luxury meat brand that was discontinued shortly after its launch
      • Trump Vodka (2006–2011) – Failed to gain market traction and ceased operations
      • Trump Shuttle (early 1990s) – A high-end airline service that operated briefly before going out of business
      • nosuchanon@lemmy.worldEnglish
        2·
        4 hours ago

        Money laundering for the Russian mob. The money enter the casino, gets washed, and then leaves the casino.

        The casinos were mismanaged a the majority of the money never stayed in the casinos. Trump sold properties to Russians and Saudis and that money was his payment for laundering.

        The casinos were bankrupted so Trump could pass the costs onto his investors and keep whatever money he grifted without paying.