It is a decoupling plan and imperialists turn to war to solve capitalist crisis, so in a sense yes but the context is important. It’s also important to understand that the Trump admin is being so open and stupid about it that it is undermining their own plan. Liberal administrations know that decoupling from China would best be done by peeling off other imperialized countries to do the manufacturing while slowly subsidizing (largely automated) industrialization in the USA. That is essentially what Obama and Biden sought, though they were also incompetent at this domestically because finance ate up all of their stimuluses.

Trump gives China amazing propaganda victories at home and abroad. Propaganda victories that allow it to protect itself against that decoupling when they would otherwise have needed to fight liberals at home and abroad much harder to achieve needed defensive policies.