I ended up working in IT for a large company because of opportunity. Both in terms of interesting projects and pay. All my fellow classmates that went into industry seem to be stuck in heavy internal processes, or working like hell to finish projects that barely recoup their costs. Those who went into hardware entrepreneurship struggle to find clients and investors. The only sector that still seems sexy is the very high end for B2B and luxury.
My analysis is that scale cannot be reached by non Chinese companies except for very specific and high end products (that have a smaller scale by design). Therefore it is impossible to compete on the price/quality ratio of large scale products. And I end up thinking that tariffs could be the solution.
I am based in Europe by the way