I agree partially. The issue here is that, the security establishment is winning the war against the commercial interests establishment. You can see that on this ban. This is a total ban on ALL Chinese IT companies.That decision (integration of American tech) was done not because the Chinese leadership swallowed, hook, line, and sinker the U.S. is all good kool-aid equivalent to globalization kumbaya or something. It was for a mutually assured destruction of both economies with the presumptions that American leadership regardless of whichever party is in power would be reigned in by the American corporate interests who will definitely LOSE TONS OF MONEY, REAL MONEY. Which will also affect American companies to further innovate since they're not going to have that much money to fund their research etc..due to the non existent potential Chinese response.
This latest attempt by the current regime of Joe Biden actually comes off like a desperate move rather than some sort of "gotcha victory." China will undoubtedly suffer but it'll also force the brains in the country to understand the urgency of their situation thus the government's proposals that were resisted both from within the government and from the business community would be f..ng muted.
It seems that the commercial interests won a compromise by the "require government license", but come on, we all know what will happen. The companies will take the message, and after 2-3 (random number)]of years the gov will outright ban these Chinese companies.
This is a problem now because the US companies can more easily and faster remove Chinese IP than the Chinese can remove US IP. This is important because after the US weanes of Chinese IT IP, they will point a loaded gun to China by completely banning Chinese IT IP and also banning US IT IP exports to China.
In that case, the US would be ok, because they removed the tech, and the Chinese would be screwed because they still haven't removed their US tech.
This is a big fuckup and Biden is seriously gunning for China now.
Security establishment is firmly on control with some small opposition from the Commercial interests