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What makes the US the most powerful country in the world? It's our cultural exports, our educational institutions, and our technology. We spent decades handing all our technology over to China, and undermining education. Now Trump has poisoned the American brand for at least a generation.
China is way ahead on building a science and technology culture, and promoting education. The dividends from those investments are already paying off, and they are going to start compounding.
A lot of Americans still think of China as the place to make cheap goods, but their manufacturing sector has benefited from decades of stolen expertise. It turns out there are benefits from having engineers and factory workers in the same location. Faster feedback means faster development. Now the US is falling behind.