In perhaps his first showing of support for President Donald J. Trump, billionaire communist and purveyor of societal chaos, wrote an opinion piece in the Wall Street Journal vocally supporting Trump’s ban on American companies doing business with Chinese telecom giant Huawei.
“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 said. “The administration rightly declared Beijing a strategic rival and placed Huawei, China’s multinational telecommunications giant, on the Commerce Department’s so-called “entity list” as a national-security threat. This prevents U.S. companies from doing business with Huawei.”
As you can probably tell, the piece wasn’t exactly congratulatory of Trump. It’s not as if all of a sudden, the pair are working on the same team. However, some in Trump world might find it odd Soros would vocally support any of Trump’s policy positions. We certainly did. So why would Soros support Trump?
We think we have a plausible theory.
In 2013, Soros invested $218 million – not a small sum, even for a billionaire – in a Brazilian telecom company called On Telecom. At that time, On Telecom was building a 4G cellular network in Brazil.
“Last year [in 2012] Cayman Islands-based Soros Fund Management received regulatory approval to take over Brazil’s Sunrise Telecomunicaçoes, the holding company that controls On Telecom,” Reuters reported at the time.
There’s no real update on Soros’ holdings in the Brazilian telecom giant. It’s difficult to obtain information about the activities of companies owned by hedge funds.
But Soros’ praise for Trump’s work against Huawei could be as simple as protecting his own financial interests as the world races towards 5G cellular networks.
Even with the praise, Soros made it clear that he wasn’t in Trump’s camp. The entire Wall Street Journal piece reads like it has an anti-Trump disclaimer attached.
“The coming years will therefore be crucial in determining whether the U.S. or China comes out ahead in 5G,” Soros said in the piece. “The current situation strongly favors the U.S. However, President Trump may soon undermine his own China policy and cede the advantage to Beijing.”
Soros believes that Trump will use Huawei’s status as a “bargaining chip” for a larger trade deal with China – which he frowned upon. He apparently wants Huawei to be at a financial disadvantage for as long as possible.
Soros also runs the Open Society Foundation, a radically leftist non-profit dedicated to pushing far-left ideology on Western democracies. It funds the ACLU, Planned Parenthood, and open-borders advocacy group Alliance for Citizenship, to name a few. The group’s 2017 budget was $940.7 million.
“Documents stolen from the organization indicate that The Open Society Foundations’ U.S. Programs agenda prioritizes a number of liberal issue prerogatives and funds left-wing organizations to carry out these policies,” Influence Watch said. “Some of these prerogatives include creating a pathway to citizenship for illegal immigrants, cutting the number of prison inmates by 50%, enacting comprehensive immigration reform, increasing welfare handouts, and raising taxes to redistribute wealth.”
Peter D'Abrosca is a freelance investigative reporter, author, and conservative political commentator.
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