Any country holding a considerable share of the technology market should be considered a single point of failure, and diversification should take place.
The US is currently the 100-pound technology gorilla, and they are highly politicized. Very unreliable, and using its position to force its will into all kind of matters. No country should rely on the US as a single provider, to avoid being target of blackmail. It is actually surprising that we have reached the current status quo without realizing about these simple facts.
Re-decentralization of the Internet (and technology in general) is long overdue.
The same applies to other "industries". A frightening one is nuclear missiles. We are so used to the US (and the Russians) having thousands of nuclear heads that we do not care anymore. And simply because it has worked out in the past, we assume that the worse can be avoided indefinitely.
Nothing is further from the truth: the current situation guarantees that there will be a nuclear war. It is not a question of if, but when. We are a crazy president away from starting it (or maybe we have already hit the jackpot).