SOROS PRAISES TRUMP

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  • In a Wall Street Journal op-ed, liberal billionaire financier George Soros offered some rare praise of President Trump for his policies around China and Huawei.
  • But Soros said he worries that Trump will reverse his own strategies to use Huawei as one of his “bargaining chips” in trade talks with China in the run-up to the 2020 election.
  • Soros said Huawei should not be removed from the U.S. entity list without Congress’ consent.

Billionaire liberal financier George Soros offered some rare praise of Donald Trump’s policies in a Wall Street Journal op-ed Tuesday, but said he’s worried the president will undermine his own strategy.

Soros called Trump’s policy on China, “coherent and genuinely bipartisan” as well as “the greatest — and perhaps only — foreign policy accomplishment of the Trump administration.”

Specifically, Soros said the Trump administration was right to put Huawei on the Commerce Department’s “entity list” as a national security threat, which prevents U.S. companies from engaging in business with the firm.

In the op-ed, Soros called China “a dangerous rival in artificial intelligence and machine learning” but said its ability to compete in the 5G market is seriously hampered by Huawei’s dependence on U.S. companies.

“As long as Huawei remains on the entity list, it will lack crucial technology and be seriously weakened,” Soros wrote.

www.cnbc.com/2019/09/10/soros-offers-rare-praise-for-trumps-handling-of-huawei-in-trade-war.html

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