No amount of fucking banning will work and the US is going to end up with egg on its face when the entire world is using chinese everything and the US is still trying to banhammer. The entire world has started shifting away from the US, not in a positive isolationist way -- in an uncompetitive, stagnating innovation way.
The only way out is through competition and this lesson will probably only be learned when its too late to do anything about it. Everybody saw this coming
It basically started in the 70s with the outsourcing of manufacturing to China, and the short term thinking and naivete (hubris?) that China would not do anything and everything to use this to their global strategic advantage. Sure, lots of US executives made _mother-fucking bank_ but the massive amounts of money they made was essentially for the sale of US dominance to China over the course of 50 years. They can say "I got mine" though, which seems to be current zeitgeist.
China wins because playing the long game wins - or having X billion expendable population under a dictatorship wins - possibly/probably the combination of both.