Nope. The US still has the Taiwan card, the SWIFT card, the chip card, the software/app/OS card, the trade card, the investment (portfolio and direct investment) card, the Japan card, the destabilization card. The US just isn't fighitng hard right now because it's not serious.
The US will end up banning all trade, travel and investment; all knowledge transfers and engagements, prevent all 3rd countries from trading or investing with China, start wars in China's periphery and then ban China from any foundational US technology that the ROW uses like the App Store or Windows and split the world in two which the US will gain a substantial portion of. And then China's GDP will fall and the US will win, esp. after China's birth rates collapse into a hellhole and the US brain drains China for what little talent it has.