The China-US tensions are not going to get better, and, in fact, will get worse as years go by. More and more nations will be forced to choose sides. It's not good and I'm not sure what a resolution even looks like.
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As an European I don't what to think that the US seems so against kit from a Chinese company and completely fine with kit from an European company.
They should be worried about both. We also have a long term world domination plan (version 2.0)... ;)