I read this as Chinese nationalistic policies are now being exported to other countries like the US.

The pivotal moment here is that it may put the rest of the world on a path of being less connected to each other through trade and exchange of ideas.

In the short term, it will probably help give local economies a boost. But in the long term, it will create an imbalance of resources, technology, and people. Which sets the stage for conflicts 10-20 years down the line.