The truth is though that China has won the trade war- Trump is fighting a defensive rearguard battle to retain as much of the declining US hegemony as he can - but Chinas rise and US decline are pretty largely set in stone already.

Trumps abandoning of traditional allies and cosying up to war criminal Putin and his sponsor overlord, Xi is testament to this. Donald knows all he can realistically manage is damage control- US global hegemony is no longer sustainable.

The future is a multi-polar world increasingly dominated by China, not the USA. Europe may see greater common cause and economic benefit by siding with China and abandoning traditional alliances with the USA.

An increasingly isolated and insolvent USA will seek to cling to regional hegemony over the Americas.

China has built the worlds most productive economy - one that the world is dependent upon for manufactured goods at the best price and sale of commodities for the best price.

US power is based on its legacy USD/Fiat hegemony but that monetary hegemony will swiftly decline as increasingly trade with China is denominated in Yuan, not dollars.

Delusional US exceptionalists dare not look at and consider the facts- https://unctad.org/topic/trade-analysis/chart-10-may-2021