Left billionaire George Soros offered partial praise of President Trump in a publication Monday night for his firm stance on China, but continued to urge Congress not to allow the president to use Huawei, the second largest smartphone maker in the world – as a bargain chip in his fight for re-election.
Soros, who famously cut the British pound in 1992 and made $ 1 billion in profits, penalized the option in the Wall Street Journal. He said that perhaps Trump's only foreign policy victory during his presidency was "developing a coherent and genuinely bilateral policy towards China's Jipin" and his administration's move to declare Beijing a "strategic competitor."
Soros also praised the Administration's move to place Huawei in the Commerce Department's so-called "list of entities", which does not allow US companies to deal with the telecommunications giant.
Huawei called the Trump administration's actions a violation of "free market competition". [1
He stated that he believed Trump wanted to release himself from any restrictions on Congress and be able to remove Huawei from the list himself. discretion. China insists that Huawei be removed from the list as a prerequisite for any trade agreement.
"In my opinion, he wants to arrange a meeting with President Jinping when the 2020 elections are nearing and conclude a trade deal with him, and he wants Huawei's status on the table as one of his trade chips," Soros wrote.
Soros urged Congress to act and cited resp. Mike Gallagher, Wis., And Sen. Mitt Romney, Utah, for introducing amendments that will require the blessing of Congress to remove.
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"As a founder of Open Society Foundations, my interest in defeating China by Xi Jinping goes beyond US national interests," he writes. "As I explained in a Davos speech earlier this year, I believe that the Beijing social-credit system that is being built, if allowed to expand, could sound the death knell of open societies not only in China but also Worldwide."