Liberal donor George Soros praised President Trump's policy on China on Tuesday and warned against giving it up by granting Beijing concessions to Huawei's telecommunications company. Soros urged lawmakers to prevent Trump from using Huawei as a bargain chip in upcoming trade talks.
"The biggest – and perhaps only – foreign policy implementation of the Trump administration is the development of a coherent and genuine bipartisan policy toward [President] China's Xi Jinping," Soros said in an op-ed on Tuesday . Wall Street who also congratulated the administration for including Huawei as a threat to national security.
He noted that the Trump administration, however, allowed US companies to continue working with some companies associated with the Chinese government. giving Huawei a similar break, removing it from the list of businesses as part of a trade deal, the company could consolidate its leading position in the 5G market, "he warned. Soros urged lawmakers to support an amendment by Republican Representative Mike Gallagher of Wisconsin to
"It is difficult to know exactly what motivates Mr. Trump, but he seems desperate to deal with his president to strengthen the US stock market and economy, to get under he is taking his chances for re-election ̵
Soros is a billionaire investor and founder of the Open Society Institute; he has generously donated to liberal institutions and causes. He was convicted of domestic trade in France in 2002