There is a big difference: the evil West actually created the conditions for and encouraged China's explosive development in the last 30 years with the expectation that with development and mutual dependence, they would become less autocratic. Instead, we got another Mao :/

As a response, This is the US going back to its neutral economic stance towards China: be suspicious and protectionist, same as China is towards other countries.

There are lots of other examples of this like China calling itself a developing country for certain purposes and benefitting from subsidised rates in shipping (subsidized by the evil West).