This is an important development, and if the trend continues, it’s one with potentially serious consequences for the US role in the world.
Manufacturing capacity in these sectors is a domestic & intl public good.
And we need policies to restore it.
But the CCP is working hard to turn the narrative, and a few months from now when more countries are in Italy’s situation, these gestures will mean even more.
All this has domestic and geopolitical consequences, like US dependence on the PRC.