The fact that it does for some chinese-americans and other asians.... I'm not sure exactly what it says but there is something there and I don't think it's benign.
If someone says anti-asian ideals are on the rise, I think it's important to unpack that to say it is caused primarily by the ccp. Many people are anti-ccp but not anti-asian, likely including, a majority of non-chinese southeast asians. Having that conversation is how you remove vague racist sentiments and encourage a focus on actual political entities.
Yes, people often fail and just use visual cues. But historically there have been differences. E.g. the original american views on japan were that of a refined civilization and sort of honorary white Asian vs. the chinese, which is all sorts of fucked up, but serves to highlight that even dumbass racially driven views can have nuance.
Assuming you're a liberal American, how do you feel about conservative media saying the country needs to be protected from anti-american sentiment in europe for trump being an idiot some time ago? Is it possible you thought "Actually I dislike trump too, he's not my president, and I shouldn't be held accountable for him?" Do you accept generalizations about Americans using subsets that you find abhorrent? Have you never said "there's large differences between the red and blue states, it's not all like that"?
I certainly said things like that a lot, and at the end of the day, I think the crimes against humanity being committed by the CCP are worse than those of trump.