Those that believe in a re-set are deluding themselves.
I think there will be a reset in the relations of China and the United States, and it better happen soon.
The trade war was irrelevant. A few American farmers got hurt and bailed out, and maybe a few Chinese companies had tougher business conditions to operate under. Otherwise, China's trade with the world is at record levels. China's economy is the only major economy growing. That is a stark contrast when compared to the developed world, with zero interest rates for a decade, and the QE, in various locales.
The tech war was essentially 5G and semiconductors. In 5G it is not even close, there is no contest here. In semiconductors, they are still fighting, but this is not a battle China will lose, they might not win, but for sure China will not lose, not a chance.
Then China signs the RCEP and CAI for the future. Those two agreements are not diplomatic wins for the United States.
These last few years, of China and America, one country is ceding ground, its standing diminishing, and it future prospects may be in doubt with the current economic conditions.
Sure, they can continue the struggle, but sooner or later, maybe you got to cut your losses sometimes, and regroup.
The longer they wait, the more one side will squeeze the balls of the other side.
One side signs the RCEP one month, then the next month the CAI, while the rollout of 5G inside the country continues, while Huawei still the dominant player in worldwide telecom. That is the counter offensive, and that is only just beginning. No reset means more variety, more of the counter offensive is coming.