Soros, a well-known critic of the Trump administration, said during a private dinner at the World Economic Forum (WEF) in Davos, Switzerland that Trump’s decision to call China a “strategic” competitor in 2017 was “too simplistic”, according to CNBC.
“An effective policy towards China can't be reduced to a slogan. It needs to be far more sophisticated, detailed and practical; and it must include an American economic response to the Belt and Road Initiative,” he said.
“Regrettably, President Trump seems to be following a different course: make concessions to China and declare victory while renewing his attacks on US allies. This is liable to undermine the US policy objective of curbing China's abuses and excesses. The reality is that we are in a cold war that threatens to turn into a hot one,” Soros added.
The next round of negotiations is scheduled to take place at the end of the month when Chinese Vice Premier Liu He travels to meet US officials in Washington.