Seven years ago, then President Trump launched a U.S. trade war on China that has continued to the present. While the Biden administration has proclaimed three high-minded goals for U.S. policy towards China-including investment at home, alignment with our allies, and responsible competition with the PRC- their agenda effectively deems China to be an adversary and conspicuously omits any reference to cooperation with it. What are the impacts? How has the Sino-American antagonism been changing China, Asia, The United States, and the world politico-economic order? It's time for a point-by-point assessment.