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USA cannot survive long without Chinese supply chains. Trump is seeking to manage the decline of the US empire while it still has some leverage. But mostly all Trump has is bluff and bluster. China won the trade war at least a decade ago.
Now its just a matter of managing the inevitable transition to a post US exceptionalism world power structure...a much more multi-polar world and where China is already the most significant trading nation for manufactured goods and commodities.
The use of Yuan for trade payments will continue to expand in Asia, Africa and the middle east. Russia and Iran are already almost exclusively dependent upon Yuan liquidity.
The implementation of mBridge could result in a more rapid decline of the USD and US hegemony.