Their justification for tariffs on Chinese cars was that they were uncompetitively cheap due to subsidies.
This is mostly a lie. EU placed smaller/fairer tariffs based on those subsidy allegations, but in US, all politicians are devoted to oil oligarchy profits. 100% EV tariffs and 50% solar tariffs, 25% battery and ebike tariffs are all about protecting oil, instead of small domestic solar industry. Global warming is a lower priority than war, or making sure existing and new oligarchs have plenty of profits to fund politicians with.
While every comment here seems to scream "end patents", arm has less patent bs than other tech (rounded corners) meant to sue/prevent use. Arm works hard on developing and improving architecture and designs to offer licenses at a compelling price. Qualcomm paying as much as other licensees should be preferable to Qualcomm than bankruptcy.