President Donald Trump reportedly used an Asian accent to mock US allies at a fundraiser in the Hamptons.

Trump swept into the Hamptons on Friday and scooped up $12million for his campaign and the Republican Party.

The president spoke at two fundraisers: one held by Stephen Ross, whose company owns Equinox and Soul Cycle, and the other took place at the Bridgehampton home of developer Joe Farrell.

Trump was speaking to a crowd of about 500 at Farrell's home when he allegedly made fun of US allies South Korea and Japan.

While talking about South Korea, Trump said the country makes great TVs and has a thriving economy, 'so why are we paying for their defense?'

'They've got to pay,' he said. According to the New York Post, Trump then mimicked South Korea's president, Moon Jae-in.

Donald Trump is pictured with developer Joe Farrell at his Bridgehampton home

Trump is pictured speaking at the fundraiser in Bridgehampton at the home of developer Joe Farrell

President Donald Trump (pictured arriving to the Hamptons) reportedly used an Asian accent to mock US allies at a fundraiser in the Hamptons over the weekend

Trump said South Korea has a thriving economy so they should be paying for their defense. He then reportedly mimicked South Korea's president, Moon Jae-in (left). Trump reportedly used an Asian accent to also mimic Japan's prime minister, Shinzo Abe (right)

The president spoke at two fundraisers: one held by Stephen Ross (left), whose company owns Equinox and Soul Cycle, and the other took place at the Bridgehampton home of developer Joe Farrell

Up next was Japan. Trump reportedly used an Asian accent to mimic Japan's prime minister, Shinzo Abe, as he recalled some of their past conversations over trade tariffs.

According to the Post, Trump recalled his fascination with Abe's father who had been a kamikaze pilot.

The president asked Abe if the kamikaze pilots were drunk or on drugs, to which Abe responded no, adding that they just loved their country.

Trump said: 'Imagine they get in a plane with a half a tank of gas and fly into steel ships just for the love of their country!'

He then bragged about how better off the US is that he was elected president.

'If I hadn’t been elected president we would be in a big fat juicy war with North Korea,' Trump reportedly said, adding that he has a great friendship with North Korean leader Kim Jong Un.

During the fundraisers, some guests paid $100,000 for a grip-and-grin photo with the president on Friday. It cost $250,000 to join a roundtable discussion with him.

The president's remarks came amid the SoulCycle and Equinox scandal, which he also joked about.

Trump said that a celebrity boycott of SoulCycle and Equinox is only making the investor behind it, his billionaire friend Ross, 'hotter'.

The president's remarks came amid the SoulCycle and Equinox scandal, which he also joked about. Trump (pictured leaving a fundraiser) said that a celebrity boycott of SoulCycle and Equinox is only making the investor behind it, his billionaire friend Ross, 'hotter'

Various celebrities, including Chrissy Teigen and Bill Eichner, announced boycotts of SoulCycle and Equinox

The president was responding to a series of reports of celebrities including MSNBC host Mike Brzezinski walking away from the high-end gym Equinox and SoulCycle.

Outspoken celebrity activists Chrissy Teigen and Billy Eichner organized a boycott of the company on Twitter in the days leading up to Friday's cash bonanza.

Teigen tweeted: 'The gym is my personal hell but if you're a member of Equinox perhaps it is time to say peace(out)-inox ayyyyy I'm still sick yes but f*** equinox'

Eichner posted: 'Hey @Equinox - what’s your policy for canceling memberships once a member finds out your owner is enabling racism and mass murder?'

Star Trek: Discovery star Wilson Cruz, who launched a petition to demand Ross call off the fundraiser, also took to Twitter with his view.

He wrote: 'It’s important @equinox know WHY we’re going to cancel our membership.

Trump defended his billionaire friend, saying the boycott wouldn't harm his business empire.

Ross said Friday that he had 'always been an active participant in the democratic process. While some prefer to sit outside of the process and criticize, I prefer to engage directly and support the things I deeply care about.

The president spoke to reporters at the White House on Friday morning but went the rest of the day with his head down as a boycott controversy swirled around one of the fundraising organizers, the founder of trendy gym SoulCycle

President Trump rode in his custom government limousine, nicknamed 'The Beast' (pictured)

Support for the president, mostly from store owners and farmers, was evident along the roads of Long Island on Friday, where DailyMail.com was in the president's motorcade

There were both pro- and anti-Trump demonstrations on the route Trump took from the airport to the home of Stephen Ross, where seats at lunch cost as much as $250,000 each

'I have known Donald Trump for 40 years and while we agree on some issues, we strongly disagree on many others and I have never been bashful about expressing my opinions.

'I started my business with nothing and a reason for my engagement with our leaders is my deep concern for creating jobs and growing our country's economy.

'I have been, and will continue to be, an outspoken champion of racial equality, inclusion, diversity, public education and environmental sustainability, ad I have and will continue to support leaders on both sides of the aisle to address these challenges.'

Trump said on the South Lawn of the White House as he left Friday: 'Stephen Ross say great friend of a great friend of mine. He's a successful guy. We were competitors in New York in the old days and friends.

'He is a great guy. He is, by the way, think he's probably more inclined to be a liberal, if you want to know the truth. But he likes me, he respects me.

'I think it will makes Steve much hotter. I didn't speak to him yet. I'll see him in a little while. The controversy makes Steve Ross hotter. He'll figure that out in about a week.'

Equinox and SoulCycle said they had nothing to do with the fundraiser, and called Ross a 'passive' investor.

The widening culture war fought over the president was seen on the highways and back roads of the Hamptons, with dueling demonstrations often right across the street from one another.

In one stretch of road, a giant plywood board spray-painted 'Trump 2020' competed for attention with 'Dump Trump' signs and a woman who frantically waved a mylar 'Baby Trump' balloon at the motorcade.

The president saw plenty of protesters on Friday along the roads, including signs claiming he is a racist and should be impeached