That's pretty much what I think.
I get this was Trump's strategy for dealing with China (and everything else), "projection", print shitloads of money and accuse china of currency manipulation. Subsidize US with tax breaks and accuse China of subsidizing their industry. Accuse *them* of putting backdoors in *their* telecoms kit.... Projection, projection, projection.
They probably cut some slack waiting for that crap to end and back to business as usual. It hasn't ended, so time to move on and do their own thing.
Chinese Android tablets are mainstream now, their phone maker is #2 above Apple, they've decimated solar, MG cars are doing well across Asia, other Chinese car makers already moving in. My noise cancelling headphones are Chinese, I'll never pay ten times as much for the Bose ones.
I think HP is the next to suffer, Chinese PC makers are cheaper, better with fewer gotchas. I know I won't buy another HP after finding its PSU is non-standard and won't power a graphics card.... (you can pay a fortune for the HP upgrade.... gotcha!) its like their ink and their printers, no more, never again.
UK should be safe. They dominate the Charity Shop market. China is nowhere in the "Sanctimonious Twaddle" market either.