This affects some of my family directly and has a very noticeable impact on local businesses who had become accustomed to and were investing pretty significantly in attracting Chinese interest in their products (California wine industry). While the industry existed for a long time before the Chinese market became a factor, starting in the recession their was definitely a push to attract Chinese individuals to california wine, to the point where many major tasting rooms were recruiting people who speak mandarin, and some folks I know regularly had relatively wealthy recent Chinese college graduates working harvest jobs. I have not been aware of a Chinese intern in our circle for years, and also haven't seen a listing looking for Mandarin in months if not longer.
https://www.sfchronicle.com/business/article/California-wine...
I imagine the situation is similar for many other non-essential exports to China.