He is wrong on several accounts.
"even America’s greatest allies wouldn’t wish to sacrifice their relationship with China for the benefit of America". BS.
The only reason the EU has continued the amount of trade with China that they do, despite massive pressure from several countries in Europe, was because of huge sales of German machine tools to China. It is just Germany convincing most of the rest of the EU to continue trade. Now that this current really weak US infiltrated government is in Germany, they keep doing decisions counter to Germany's own interest, it started with stalling Nord Stream 2, then sending weapons to the active warzone of Ukraine, and now they are talking about a trade war with China using Xinjiang as a spacegoat. Even the previous EU government basically sabotaged the trade deal with China with the excuse of the situation in Xinjiang. And it will only get worse. Once Chinese automakers start destroying the EU's car industry you will see what I mean.
Frankly China would have a better chance with Japan, if it wasn't for the fact they also have US military bases on their territory, so even Japan can't have an independent foreign policy. And the current South Korean leader seems to be a pure manufactured US puppet like the ones in Germany at this time.
"Mr Putin’s all-out war against Ukraine has failed."
No. I think what failed was the Russian thought this could have been a limited war. Given the current stance of Ukraine and NATO I think Russia needs to commit to a more expanded conflict than they hoped would become necessary. But I think they came in expecting the worst as a possibility. And when I say the worst, I mean a lot more than what what NATO is currently doing, up to and including sending troops either into Ukraine or attacking Russian territory directly. Which is why Russia put its nuclear forces on alert the instant they went into Ukraine and are still keeping some ground forces in reserve.
"How America can focus simultaneously on two theatres—the Indo-Pacific and war in Europe—remains to be seen."
The US economy is in the shitter. They left Afghanistan for a reason. Right now they are recycling old hardware they don't plan to use into Ukraine and the whole situation economically benefits them. But they will be growing at the expense of their own allies. The US is "lending" Ukraine money with interest to get US weapons. And the EU is covering that loan with their own grants. So, in the end, who is footing the bill? The Europeans. And the US is going to use its labor force to increase military production, and continue ignoring the pressing issue that their infrastructure is in the toilet, if things continue as they are. I don't think that will be sustainable. The Soviets tried doing that and in the end the result was breadlines and scarcity of food supply in one of the most agriculturally fertile regions of the world.