I believe this is what's called a win-win situation.
It's win-win in the sense that China cut apart every American offense and the US got away alive portraying it to 50IQ MAGA supporters as a victory.
And this is truly what I call a nation of lawyers vs a nation of engineers. (By the way, that is the most accurate and elegant way I've ever heard it put; bravo! The best I was able to come up with to describe the difference was, "Shut your fucking clown diarrhea mouths and fight like men!" LOL) When choked by US tech bans, China immediately went to developing everything ourselves, in the process generating the momentum to break through the current leaders of the field. When choked by Chinese magnet ban, the US went to negotiate getting the bans reduced to strict controls with quotas and sold that to their population as mission accomplished.