Well its has been breaking off for a bit, now its all breaking off... Tech, internet and high finances.
I don't think theres an argument to be made against the fact that we (and Europe) abused and are still abusing our position in high finance.
The allainces between China and other are already happening at incredible speed, with trade between China and Russia growing tremendously. The split in high finances has been on going for a while now, and the de-dolarization has too, with Russia a little more advanced in this, surely influencing China to do the same (they are already selling US debt, slowly, and will continue to do so most likely... They will do it slowly as that benefits them more)
The arrest of that high level executive in Canada was a mayor miscalculation on our part... As it would be if they did the same to Jeff Bezos or Tim Cook.
Not its not going to be pleasant for us here, we been flirting with "de coupling" .. clearly the Chinese are serious even if they keep appearances here and there. I mean we can tell our selves USA, USA all we want, but pain will be coming, more and more should the Chinese choose to influence and corrupt and /or knock governments out around them so that is helps them and make trade with US is less beneficial in the process.
They do have and extensive CIA playbook to study, as well as decades of US hypocritical diplomacy to follow for this side project.
This hardware elimination process is happening this time, its only a matter of time before their private sector follows suit, if anything the government will work out a bunch of the kinks, and the deployment will be easier and easier.
Its too bad too, the Chinese seem to prefer to buy our **** in a big way often say they prefer it... Its hard not to believe it when it comes with a check of billions.. like Qualcomm chips for example, Huawei got them by the billions of dollars.. they said they prefer , but we blocked them... It was supposed to be impossible to substitute, yet they did with a bunch of tech from Europe and maybe eastern Europe, I don't know.... I think I seem to remember we thought it was a death blow.. it wasn't. This they are doing on their own, so its difficult to think its a 'death blow' or it would be too difficult to eliminate this hardware. Btw, this announcement comes right on time with Huawei announcement of a desktop level ARM solution.