I doubt it will be implemented as there are no western cheap gadget industries left to lobby for it, and the big players would prefer the fud of buy cheap be tracked.
[1] Yahoo loses all of their 3 billion account credentials https://www.sec.gov/Archives/edgar/data/732712/0000732712170...
[2] Equifax loses PII of 150 million Americans, including their SSNs https://www.ftc.gov/enforcement/refunds/equifax-data-breach-...
[3] AT&T loses SSNs of 73 million customers https://about.att.com/story/2024/addressing-data-set-release...
[4] AT&T loses phone call/texting metadata of 110 million customers https://www.sec.gov/Archives/edgar/data/732717/0000732717240...
[5] Change Healthcare loses medical records of 200 million Americans https://www.hhs.gov/hipaa/for-professionals/special-topics/c...
To someone not drinking your nationalist kool-aid, it looks rather preposterous to make this about the Chinese bogeyman.
Cybersecurity laws are a good start, however thanks to lobbying it will still take decades.