ZTE

FCC to vote on barring subsidies for Huawei, ZTE equipment

Photo of a Huawei headquarters sign
Photo: Rolf Vennenbernd/picture alliance via Getty Images

The FCC will vote next month to ban companies from using federal telecom subsidies to purchase communications equipment from Chinese firms Huawei and ZTE.

Driving the news: The FCC’s order, to be voted on at the commission’s Nov. 19 meeting, would bar companies that receive funding from the $8.5 billion Universal Service Fund from using it to purchase equipment or services from suppliers deemed to pose a national security risk.

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.