Billiard left winger George Soros praises Donald Trump for sanctioning Huawei for warning that China could use the company to gain authoritarian control over its people
- Soros, the famous liberal financier, warned at the Davos economic forum in January that China was using technology to suppress its people
- Now he commends Donald Trump for holding Beijing's feet to the fire by forbidding US companies from doing business with technology giant Huawei
- But Soros fears that Trump will negotiate that leverage as part of a trade agreement
- It is currently illegal for US companies to supply components to Huawei
- US officials fear the company will become dominant in new 5G networks and use its switching equipment to spy on Americans
Leftist billionaire Gorge Soros issued rare praise for Donald Trump on Monday evening and wrote in one Wall Street Journal believes that his firm stance on Chinese technology is an important advantage for the world's foreign policy.
President Trump this year banned US companies from doing business with Huawei, the colossus of cell phones that is closely intertwined with the Chinese government.
In his essay, Soros praised Trump for declaring China as a & # 39; strategic rival & # 39; and called it his & # 39; largest & # 39; foreign policy performance. But he also urged Congress to prevent Trump from leaving Huawei back in the game as a negotiating ship in a larger trade dispute.
In January, at the annual economic forum in Davos, Soros warned that a total trade war was Trump's best influence to curb human rights violations in China.
And with high-tech components from American suppliers, Huawei could become a dominant player in the new world of 5G mobile connectivity.
Billionaire liberal financier George Soros wrote in an ed-ed that Donald Trump's tough fight against China and his technology giant Huawei is an important achievement, but is worried that he will decline to win trade concessions from Beijing
The Trump administration has put Huawei on a list of companies with which US suppliers are not allowed to do business, fearing that their cell phone products will be used to spy on Americans
& # 39; The coming years will therefore be crucial to determine whether the US or China is at the forefront of 5G & # 39 ;, Soros wrote.
& # 39; The current situation greatly benefits the US. However, President Trump may soon undermine his own China policy and give the benefit to Beijing. & # 39;
Soros took note of legislation floating in both the US House and the Senate, which would prevent Trump from being allowed to leave the penalty box without his permission from Congress.
The 89-year-old financier believes that Trump & # 39; wants to arrange a meeting with President Xi Jinping as the 2020 elections approach and conclude a trade agreement with him, and he wants Huawei's status to be on the table as one of his negotiating chips & # 39 ;.
Trump's administration is deeply suspected that China is partially positioning Huawei as a major global player in the wireless market, so that it can use its network switches and phones to spy on Americans.
Soros has been loudly critical about the & # 39; social credit system & # 39; that Beijing is developing to reward and punish individuals and companies, depending on their personal and institutional behavior.
In January he complained to Davos that the Chinese people will be evaluated by algorithms that will determine whether they pose a threat to the one-party state. People will then be treated accordingly. & # 39;
He warned of a & # 39; deadly danger of open societies through control tools that can place machine learning and artificial intelligence in the hands of repressive regimes & # 39 ;.
Soros claimed Monday that & # 39; the social credit system that Beijing is building, if it is allowed to expand, can sound the death knell of open societies not only in China but also around the world.
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