At some point Americas big greedy companies and entities like the NBA will be forced by circumstances within China to give up their dreams of cheap slave labor and endless dollars to be made in China...
There were die hard greedy companies in the USA that wanted normalization treaties with Nazi Germany too...and in the end they had to change course....history repeats itself....and evil never rests....
America may be forced to change course, since Europe, lead by the "former" East German Merkel, sold out any semblance of dignity and now has a pipeline of Russian oil and a trade agreement with China.
As I suggested if Biden won, there is going to be a massive shift in influence. Trump was holding it together by basically threatening and acting on these threats, friend or foe. Europe dared not sign the trade agreement with China when he was in office, it still hasn't been ratified, but, before Biden took office they signed the deal, even against his wishes to hold off.
The extent of this shift will depend on if America can remain strong (does the influx of low skill illegal citizens help maintain your sovereignty or competitive edge?), and build close relations with Japan, Taiwan and Australia, and, it seems of late, England. Boris Johnson gets my support for his tougher stance against the Commies (maybe too little too late after HK).
If America decides to be "part of the old gang" of the E.U in particular,without any consequences for those who choose China over America, you will lose your influence and ultimately your position as the global standard currency. I would bet alot on this being the reality.