The US needs, even wants China. From the revealed preferences files:
Aside from rhetorical commitments to restoring domestic industrial capacity and a variety of China Select Committee investigations that tend to go ignored, there’s near-weekly evidence that Congress and the current administration are not entirely serious about leading a whole of nation effort to eliminate regulatory bottlenecks to power abundance, bring pharmaceutical production onshore, mine and refine rare earths, and reduce the leverage that China has over the U.S. economy in about a dozen different areas. Absent solutions on any of those fronts, some of which will take years, Trump couldn’t even ban TikTok. Then, just before Christmas, the U.S. greenlit the sale of high-end Nvidia chips that could help Chinese companies narrow the gap with U.S. competitors in AI. If successfully navigating a prolonged competition with China requires not only acknowledging said competition but actually making the sacrifices necessary to win it, one could be forgiven for reading the news over the past 10 years and concluding that America simply doesn’t have the mettle to prioritize long term national interests over short term private interests (or political incentives)."
Also, pondering a sort of “chilly war” between the US and China.
From Notes from Schrödinger’s Cold War, Andrew Sharp.