Another impact is that Chinese tat is 30% more expensive in the US making some buisness 30% more expensive for US corps. Resulting in moving production that uses tech outside the US to anywhere else in the world that is convenient.
E.g. infra for outsourcing centers just cost just got comparativly 30% cheaper.
You cant win a trade war unless there are only two sides.
Biting the hand that feeds IT
