It was that Trump and the MAGA crowd conceded to the Chinese by destroying US goodwill and credibility built up over decades. The US will probably never recover those advantages, just as China is ratcheting up its program of dominance. Trump et al have destroyed many things that made the US great.
It's bewildering why anyone would do such a thing but here we are.
I don't think it's unfixable but the behavior is still kind of odd.