timelets

Likewise, for China, the trade war has exposed the strategic vulnerability created by overdependence on US markets and technologies. Chinese President Xi Jinping will not make the same mistake again, nor will any other Chinese leader. In the coming years, China, taking advantage of any lull in the trade war, will also work to reduce drastically its economic dependence on the US.

https://www.project-syndicate.org/columnist/minxin-pei

This may sound as a warning to India too. On the other hand, European (read German + Dutch) [financial] services companies may gain in this strategic shift.