The US and China have been on bumpy road for long time. However the bifurcation finally occurred as a result of two major events. First, the Wuhan COVID shocked the world. The West realized how dangerous an irresponsible totalitarian regime could be to the world. Secondly, China’s support of Russia’s invasion of Ukraine. That was the last straw. Both the US government and the businesses rushed to decouple from China. It can be expected in the next a few years, China, as a trading partner of the US, will become less and less important.