Part of the private sector learned the lesson from the failed attempt to oppose Trump's trade war back in early 2018. The concerns were warranted and corroborated by the latter facts. But it got politicized nonetheless with Tim Cook shifting from Apple's CEO to the tech industry's top diplomat. The man had to defend trade engagement with China throughout the frenzy or reports about Xinjiang and the crackdown in Hong Kong. Not sure he liked the experience. With the time for bold expansion in foreign markets on pause, calm and visibility has more value to the private sector these days. They will comply with regulations.