Not only do we absolutely decimate them in nuclear and naval capabilities, our combined allied forces would decimate them technologically, on the ground, and through strategic embargoing, attrition, psychological warfare, etc.
We and our allies literally surround them. Not only that, look into geopolitics, Trump getting a call from Taiwan pisses China off more than giving them weapons. Why? Acknowledging and reaffirming our commitment to protect them, angers them more than physical capability of defense for Taiwan.
China enslaves a portion of its citizens, jails activists, kidnaps Taiwanese, support DPRK, among other things.
Trump is remapping Asian relations, because China isn't strong, nor are they suicidal. Rewriting our trade relations will help us, and if they continue being friends with us, good for them as well.
A restructuring is likely, and a war will only happen if our Asian allies or China forces our hand. If so, we win, based on any strategic viewpoint of might.