1) The US just challenged the world's leading manufacturing power to manufacture new things. That plan is not going to work. They're up against a culture that builds, builds smart and builds quickly.
2) There is actual racism in the US that is tipping the research scales towards China [0]. Between that and the concerning trends in political destabilisation the states are relying on China making a lot of mistakes as a nation if they intend to keep ahead. The whole US model was importing the bright sparks from other cultures and supporting them with freedom and strong property rights.
[0] https://news.stanford.edu/2021/11/18/stanford-community-memb... - just one in a disturbing number of articles I've been seeing.