Of course. China is NOT stupid. It will take advantage of the opportunity to do business with other countries. My guess is that the EU will become China's "biggest customer" once China stops doing business with the US. Meanwhile, America will be left isolated due to excessive tariffs and rising geopolitical tensions. That's what I think will happen if Trump's strategy fails in the long run.
I don't really care which one will become the number one economy; all I want to see is the failure of Stupid Trump. He thinks he can do whatever he wants, even if it makes him look bad. Well, that is not going to last too long. He should know that he is Stupid and not every country cares about his decision. He thought China wouldn't dare to increase the tariff on the US.
Now China has stopped exporting rare earth elements to the US, and the US will have to find alternatives to China. According to the BBC,
China has now also imposed export controls on a range of critical rare earth minerals and magnets, dealing a major blow to the US.Why China curbing rare earth exports is a blow to the US