Huawei, which had been crippled by U.S. sanctions in 2019, has bounced back, spearheading demand for China-made chips and challenging Apple (NASDAQ: AAPL ) in the China smartphone business and Tesla (NASDAQ: TSLA ) for EVs. "What does not kill you makes you stronger," Xinhua said in a commentary on the U.S. tariffs. "It seems the famous quote applies to China's technology companies." Beijing knew this round of tariffs was coming.