Billionaire George Soros gave some rare praise for Donald\nTrump’s policies in an article in The Wall Street Journal on Tuesday, but said\nhe was concerned the president would undermine his strategy.<\/p>\n\n\n\n
Soros described the Trump policy on China as “coherent\nand genuinely bipartisan” as well as “the greatest \u2014 and perhaps only\n\u2014 foreign policy accomplishment of the Trump administration.”<\/p>\n\n\n\n
Specifically, Soros said that the Trump administration was\nright to include Huawei in the Commerce Department’s \u201centity list” as a\nthreat to national security, preventing US companies from engaging in business\nwith the company.<\/p>\n\n\n\n
At the opening of the article, Soros described China as \u201ca\ndangerous rival in artificial intelligence and machine learning,” but said\nits ability to compete in the fifth-generation market is seriously hampered by\nHuawei’s dependence on US companies.<\/p>\n\n\n\n
\u201cAs long as Huawei remains on the entity list, it will lack\ncrucial technology and be seriously weakened,\u201d Soros wrote.<\/p>\n\n\n\n
But Soros said he was worried that Trump might remove Huawei\nfrom the list of entities as a concession to China during trade talks. Soros\nsaid he believed Trump would want to arrange such talks in the run-up to the\n2020 elections. While amendments were made in the House and Senate to prevent\nTrump from removing Huawei from the list without congressional approval, Trump\nsought to prevent such a restriction, Soros wrote.<\/p>\n\n\n\n
\u201cIf Republicans allow Mr. Trump to bail out the Communist\nParty-run telecom giant, they will be abdicating their most basic democratic\nresponsibilities,\u201d, said George Soros. The 89-year-old billionaire\u2019s\nfoundations have, over the time, helped countries transit to democracies.<\/p>\n\n\n\n
The US has long had concerns about Huawei, claiming the\ncompany has an intimate relationship with the Chinese government, which could\nuse its technology to gain the advantage of espionage. The Ministry of Justice\nfiled criminal charges against the company in two separate cases earlier this\nyear, claiming Huawei committed fraud and theft of trade secrets. Huawei\nrecently accused the US government of using “unscrupulous” tactics to\ninterfere in its business.<\/p>\n","protected":false},"excerpt":{"rendered":"
Billionaire George Soros gave some rare praise for Donald Trump’s policies in an article in The Wall Street Journal on Tuesday, but said he was concerned the president would undermine his strategy. Soros described the […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30],"tags":[93,36,34,114,127,48,24,78,131,44,10,58,57,70,47,86,31,18,80,46,109,85,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1333"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1333"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1333\/revisions"}],"predecessor-version":[{"id":1335,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1333\/revisions\/1335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1334"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}