In China, there will be an outflow of investments, bankruptcies of small businesses, unemployment, and unrest.
With his statements, Trump has already caused significant damage to China. Foreign companies will not invest in China due to high tariffs, particularly in the long term. Chinese companies themselves are planning to move their factories to neighboring countries. Small businesses are already facing problems. Warehouses are overflowing with goods, and there is no one to sell them to. Apple and Samsung are closing factories in China, which threatens unemployment.

Even the court's decision to cancel the tariffs won't help. It will only be a delay. Yes, the tariffs will hit the US, but they will hit China harder.
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Negotiations will be postponed for a year
Peace negotiations will begin when countries have something to lose, for example, Russia begins to occupy Kharkiv or ends up at the European borders. So far, none of the parties to the conflict is ready to accept the conditions. And there is not even any basis for compromise. For example, it is not profitable for Russia to make a buffer zone in Ukraine, because there are missiles whose range exceeds the entire territory of Ukraine. And time is now on Russia's side, it can seize even more territory.

In peace talks, Europe and Ukraine will have to admit that they have lost the war and make concessions, but they are not ready for this. The recognition of Crimea as Russian and the issue of Ukraine's membership in NATO have become red lines that Europe cannot cross.
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If the Chinese government continues to allocate huge amounts of money, then yes.
China has proven that it can compete with American companies, and if you follow the same path, you can achieve superiority. However, Americans will have an advantage because English is easier, there is more data for training in the USA, because IT giants are mainly located in the USA, and there is also more money.

The giants of Silicon Valley demonstrate their belief that large-scale capacity building is the key to a breakthrough in the field of AI. However, the emergence of the Chinese company Deep Seek has called this approach into question.
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Democratic candidate
Republicans will not be forgiven for dismissals. Democrats are already winning party elections in states where Republicans used to win.

Even after the change of Trump, US policy will not change. They need to bring jobs back to the country, and this should be beneficial to employers, and this can only be done with the help of a weak dollar and protective tariffs or other unpopular reforms.
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