The EU is also quite skeptical of Chinese exports, though it remains to be seen how that will evolve once the EU-USA relations settle into a new normal. Certainly the EU wouldn't be happy, though, if China managed to break ASML's monopoly on EUV machines, and at seek to retaliate with economic pressure on chips.

problem is if you can just rent cheap compute from elsewhere, you'd need to ban buying compute and all that which I'm not so sure would work. maybe heavy regulations could do it buuut....