This is like ceding ownership of the Panama Canal to an entity controlled by the PRC. It won’t be a problem until it is critical, and then we are brought our knees. China takes Taiwan and suddenly the U.S. Navy finds it is not permitted to transit the Canal. Apple annoys the world by suing Samsung in 100 countries and the domain name apple.com is transferred to an orchard in Brazil. Someday, we will pay dearly for these actions.
Yes. There will be consequences, part of which will be the type of solutions.