They are simply trying to short China to profit, like they did before so many times.
This is not even news: in "Regulation of platform market access by the United States and China: Neo-mercantilism in digital services" published in 2022 you can read
Since 2009, both countries have progressively restricted access to each other's domestic information services markets. In both cases, the primary stated rationale involved national security claims rather than trade policy concerns
It's happening both ways.
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