ZTE

George Soros wary of Trump's stance on Huawei

US investor and philanthropist George Soros speaks into a microphone.
U.S. investor and philanthropist George Soros. Photo: Fabrice Coffrini/AFP/Getty Images

Billionaire George Soros wrote in a Wall Street Journal op-ed on Tuesday that he is worried the Trump administration may use the ban that prevents U.S. companies from doing business with telecom giant Huawei as a bargaining chip in U.S.-China trade talks.

Why it matters: Soros, a longtime target of conservatives, praised Republicans for introducing amendments to prevent the president from removing Huawei as a national-security threat without the consent of Congress. But the legislation is at odds with the president's desire to relax restrictions.

Huawei delay brings ZTE déjà vu

Photo: Emmanuel Dunand/AFP via Getty Images

After dramatic U.S. moves to shut Huawei off from suppliers, the Chinese telecom manufacturer received a 90-day reprieve from the Department of Commerce Monday, placing a question mark over the broader anti-Huawei campaign.

Why it matters: A similar previous U.S.-China trade tussle flipped from confrontation to accommodation, leaving experts and lawmakers wondering what the mercurial Trump administration's endgame with Huawei will be.