Duke Mu
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It's a parody on Trump, specifically his derogatory pronunciation...although Trump has profited from his brand manufacturing deals with China. Ivanka received 41 trademark deals with China while working in the WH.Did this spelling predate Trump? I don't know if he was tapping into some older line of animus that involved this type of exaggerated pronunciation or if it's a Trump original.

Ivanka’s Trademark Requests Were Fast-Tracked In China After Trump Was Elected
The day before she was officially appointed to the White House staff, Ivanka Trump applied for 17 new trademarks in China.

He's working for Putin and Xi, not for America.