It takes cheap labor. EU has tech. If I’m not mistaken Netherlands one of few who has capabilities to produce machines for photolithography. Question is how to make it competitive.

While trade war isn’t good for anyone US is clear looser here since China’s export to US (as of 2023 stats) is only 15% from its overall export. They can sell more other countries to smoothen impact. Meanwhile who gonna buy US stuff? “Best friend“ Russia with total GPD of less than California?