All the comments are missing the bigger picture with this new policy - Trump is sending a message the tech companies will need to pay up (to him) to get this policy to go away.

My guess is this administration will also use this as a leverage in any negotiation with India?

Possible. Trump is in trouble with MAGA over Epstein etc., so he puts out this proposal for a headline and will revert it under certain circumstances.

I was already surprised that he implements one of his campaign promises.