Want to build your own x86 Chios? Guess what? You can't because Intel/and won't let you and even if they did , if it were one of the "not our allies list" people, the govt will step in. Same for Netherlands fab machine makers. They dictate who can they sell to or not..
That is why nations are investing in stuff like risc-v.
Tomorrow MasterCard/visa can be "ordered by govt " to pull out of a country and suddenly their card economy collapses. Unless they have an alternative, like India does with rupay or UPI which is being exported to other countries as a technology they can locally implement.
Same for stuff like aws or Google or github or basically the entire american internet giants.
You know if tomorrow whatsapp is ordered to stop service in say India what will happen? Without a local alternative already in place, WhatsApp and ipso facto us govt can literally hold that country for ransom. Whatsapp is a silly example but think about it.
Sure China is bad for labour but its not like Americans aren't fighting anszon for Union rights or for $15/hour pay and benefits? I'm not trying to say they are equal, just that its a spectrum.
For non Americans and non Chinese, Be it India or Russia or Iran, these two nations are just as offensive in different manners and it's just a matter of perspective