Economically, yes.
Diplomatically, China is gaining a treasure from Trump's agressive and unprincipled behaviour.
The US has been a preferred ally to cooperate with for many countries, and a safe haven for investing money for many decades - because the US was reliable, had independent courts and an independent central bank, and was considered a stable democracy despite the problems it had.
It was possible to rationally predict a US reaction to certain problems. The state seemed to have principles, and government seemed to listen to experts.
Now the choice is between a distant country unlikely to invade anywhere except its proximity (China), even if highly authoritarian - and an unstable democracy where experts are ignored and independent institutions subverted, whose foreign policy is overtly agressive and follows no principles.
...as for economy...
From an Eastern European perspective, what could the US offer to me? Microsoft, Netflix, Tesla, Starlink... all except Starlink are needless expenses, and Starlink can be replaced. What does China offer? Batteries, electric motors, combustion motors, generators, motor controllers, 3D printing eqipment, sensors, cameras, radio electronics, optics and fiber optics... the list is long. The only (and massive) downside to China is their intent of invading Taiwan - from where everyone, including China, get their most advanced processors and memory.
My advise to Kallas: don't start personally drinking, but organize credible and systematic drinking.
Find an expert drinker, the EU equivalent of Dmitry Medvedyev. He or she should preferably be a former head of state or PM from a large country. Health checks should be done, since we can't afford this negotiator passing out too often.
This person should visit the Chinese embassy when sober, then get regularly drunk (observing the behaviour of Elon Mush, microdosing of ketamine might also help). Either way, this person should regularly enter "god mode" and taunt Trump with progress reports about European countries withdrawing from the Non-Prolilferation Agreement, buying nuclear powered space laser technology from China and perspectives for a new trans-Eurasian defense alliance that is coming very soon (and which will allegedly stop the Russian invasion of Ukraine "in 24 hours").
(On days of high alcohol intake, promises to build a space elevator and climate control station on Greenland might be appropriate to include.)