https://www.channelnewsasia.com/news/business/china-blacklist-us-unreliable-firms-huawei-trade-war-11585662
This will force companies to choose to do businesses either in the US or in China. Who started this? USA!
Look like Google and Microsoft will be on the blacklist. Many semiconductor manufacturers will be on the list too.
The business climate has changed. Ceos have to choose between the USA and China now.
At the end of the day, all businesses will have a much smaller pie now because they cannot do businesses in both countries (US and China).
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