They, the institution that is the presidency, probably does welcome it. Problem is with all of this is that for years there was a thought process in DC that said open markets would force China to liberalize. Well... maybe for a nation like Russia that has a moderately healthy GDP per capita compared to the rest of the planet and slower growth, it's possible. You ramp shit up too quickly like China did and it almost makes a country more authoritarian to protect itself from things like the income trap, Dutch diseases, and economic revolution that could see a group like the CCP replaced.
That thought process has been trying to change for the last 10 years. And it's been gradually changing. When Trump was elected, he didn't really know fuck all about China beyond a trade deficit, but he had China hawks Bannon, New American Century folks like Bolton, and the national Security state that left the door open to elements already inside the institution of the Presidency to push out the old school way of thinking that open trade could handle China. Now even with Trump gone, the folks in the pentagon and agencies are in more control than they've ever been and want to compete with China. The dynamic has flipped where it is more acceptable to compete with China than try to bullshit liberalization scheme.
You can see it in little things being done. Universities across the country are having their Confucian Schools shut down, basically what are Chinese spies are being hunted down internally, and the entire military establishment is refocusing to the Pacific. This is something out of a Presidents hand at this point and there is no going back.