"We shouldn't do business with China" is a bipartisan approach to foreign policy at this point. Like, cutting the Chinese economy off from high end processors and chipsets is a decision that goes back to the Bush 43 administration. And it's worked, in so far as we've actively discouraged the largest chipmaker to sell to Chinese firms.
But the consequence has been a rapid proliferation of Chinese chipmakers and an explosion in Chinese tech R&D in the fields of chip fabrication and design. Turns out you can't just cut 1.4B people out of a market forever. Certainly not 1.4B people with a sprawling university system and a massive home-grown tech industry hungry for microprocessors.