Of course, and that is why both Trump and Musk knows very well that only BTC can't be printed.
China is just too strong now in both Goods Manufacturing, Technology and LLM. TRUMP can try to put brakes on the goods manufacturing, he is trying hard to stop Chinese beast of technology by the EV cars tax BS, but that will only put a dent in the Dragon.
Just look at the DeepSeek, that was a glorious blow to the USA and the rest of world. Trump will not be able to stop China technological domination even with crazy Taxing.
if you dont know Deepseek, it can perform as good and even better in some areas than OpenAI, Claude and Facebook's LlamaAI, and still spend 1/10 of the required processing power and energy.
It may sound like no big deal right? it is a huge deal! the power required for AI is really a lot, look at the price of an Nvidia H100 or H200 , with Deepeek I can run it on my mac!