This article frames this as the US vs China, but it's really been the "Western world" vs China. And the western world has been incredibly naive and uncoordinated when it comes to dealing with China. We've all accepted the incredibly one-sided deal, in some kind of idealistic hope that the Chinese would latch on to "western" values of democracy etc just by trading with us. Edit: World -> Western world.
No it's Five eyes and part of EU (excluding UK), and even US has a lot differences with EU.
China's not the first nation state to be at the butting end of this debate and they won't be the last.