Soros calls Trump’s China stance his ‘greatest’ foreign policy achievement, warns on Huawei

Written by Foxnews | Source: Foxnews | September 10, 2019 08:00 AM

George Soros, the left-wing billionaire, offered partial praise for President Trump in an op-ed published Monday night over his tough stance on China but went on to urge Congress not to allow the president to use Huawei—the second-largest smartphone maker in the world—as a bargaining chip in his fight for reelection.

Soros, who famously shorted the British pound in 1992 and made a $1 billion profit, penned the op-ed in the Wall Street Journal. He said perhaps Trump's only foreign policy win during his presidency was "the development of a coherent and genuinely bipartisan policy toward Xi Jinping ’s China," and his administration's move to declare Beijing a "strategic rival."

Soros also praised the administration's move to place Huawei on the Commerce Department’s so-called "entity list," which prevents U.S. companies from dealing the telecom giant.

Government fears China is using Huawei to obtain US secrets

Huawei has called the action by the Trump administration a violation of "free-market competition."

Soros wrote about the tense competition in the 5G market and said the U.S. has a commanding lead over China. But he warned that Trump "may soon undermine his own China policy and cede the advantage to Beijing."

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