I don't think the current White House is capable of dealing with a multilateral world. The actions taken up to this point -- tariffs and market restrictions -- are a relic of last century (even then, they never worked that well).

A lot of Obama's foreign policy focused on containment and strength in numbers.

Both the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) were as much about developing business as they were about Chinese containment.

TTP in particular grouped many of China's adversaries in the region into one large, free moving bloc. Combined with an IP protection mechanism, this group offered global manufacturers a strong alternative to China, reducing the rest of the world's dependence on the PRC.

Second, Obama realigned the military to contain China.

Unfortunately, 2016 happened and Trump, out of his principles and reasons unknown, scuttled these efforts.

I don't see the Trump administration making an about-face any time soon since it would go against their world-view.