Growing Rift With China?
This turn of phrase gives the impression that China and the US are equal parties to any dispute. What is really happening is that we -- the US -- have unilaterally introduced sanctions, tariffs and other actions and China has (eventually) reacted to them. Its always important to remember the sequence because once the wordsmiths get hold of a sequence of events then the narrative is mashed and molded into a sequence that suits a particular country's narrative.
The rift is entirely one sided and artificial which is why TSMC's CEO is not happy about the situation. A few years ago he was enjoying a robust (and growing) trade with China with plenty of interaction between the two countries. Then we -- the US -- decided to go Cold War 2. I'm not happy about this for probably the same reasons. There will always be trade and other disputes between countries biut there are forums for sorting them out. Going Cold War has not only ratheted up Chinese nationalism with its associated tensions but its also causing China to revisit its build/buy balance with the result that companies like TSMC is going to face some unwelcome competition in the future.
We did the same thing with Russia. The "Special Military Operation" (aka "war") that's going on in Ukraine at the moment tends to coveniently overshadow the fact that we have been steadily ratcheting up sanctions and trade barriers (and militarizing their neighbors). Sooner or later something was going to break. We might be doing OK in the US at the moment but we've not only created significant instability in Euroipe but done quite a bit of economic damage to its nations (fine by us, of course -- we profit from their loss). This isn't going to end well for anyone, but then we're not the ones suffering so what do we care?