Anyone who hasn't realized that this is about more than economics is deluding themselves. This is about a struggle for global supremacy between two nations with wildly different views about reality.
The CCP does not believe in the rights of the individual and holds an iron grip on China. It is instituting policies straight out of an Orwellian dystopia and wants to export its model around the world.
The most powerful nation sets the world agenda, whether we like that or not. The United States cannot allow China to set the agenda.