George Soros, one of the biggest Democratic donors, on Monday, Sept. 9, published an op-ed in The Wall Street Journal, which partially praised President Trump for his stance on China but insisted the Congress take on Huawei and prevent the president from taking advantage of Huawei as a bargaining tool for trade talks with China to increase his re-election winning chance.
“The greatest—and perhaps only—foreign policy accomplishment of the Trump administration has been the development of a coherent and genuinely bipartisan policy toward Xi Jinping ’s China,” Soros wrote.
He also praised the Trump administration for placing Huawei “on the Commerce Department’s so-called entity list as a national security threat. This prevents U.S. companies from doing business with Huawei.”
But Soros worried that President Trump could use Huawei “on the table as one of his bargaining chips” and negotiate with Xi for a trade deal.
“In my view, he wants to arrange a meeting with President Xi Jinping as the 2020 election approaches and make a trade deal with him, and he wants Huawei’s status on the table as one of his bargaining chips,” Soros wrote.
“He appears desperate for a deal with President Xi to bolster the U.S. stock market and economy to improve his chances at re-election—putting his electoral interests ahead of America’s interests.” Soros added.
Soros also mentioned that “Republican Rep. Mike Gallagher introduced an amendment in July to the National Defense Authorization Act that would prohibit President Trump from removing Huawei from the entity list without the consent of Congress.”
Soros then urged Congress to “prevent this from happening” in case President Trump wants to remove Huawei from the entity list.
But contrary to Soros’s concern, Trump said last week that the United States would not be doing business with Huawei, citing a “national security concern.”
“It’s a national security concern,” the president said. “Huawei is a big concern of our military, of our intelligence agencies, and we are not doing business with Huawei. And we’ll see what happens with respect to China, but Huawei has been not a player that we want to talk about right now.”
This seems a sudden change from the president as in the past has said he would be open to including Huawei in talks to strike a trade deal with the China regime.
Soros pointed out that the social credit system that Chinese regime is building, “could sound the death knell of open societies.”
“As founder of the Open Society Foundations, my interest in defeating Xi Jinping’s China goes beyond U.S. national interests. As I explained in a speech in Davos earlier this year, I believe that the social-credit system Beijing is building, if allowed to expand, could sound the death knell of open societies not only in China but also around the globe. Despots will be eager to buy the know-how of Chinese companies, making them politically and financially dependent on China and expanding Beijing’s systems of political control worldwide” Soros concluded.