Biden seems to be friendly with China though, which would be a mistake.

Sounds like wishful thinking. Trump didn't exactly harm the US economically in his first term up until lockdown, but many other countries have "disembowelled" themselves worse over that.

Nor did he commit the US to expensive foreign wars. In fact his primary foreign policy objective was to change the consensus on China, which he appears to have managed without spending a penny. Trade war/cold war with China is now firmly on the global agenda, whereas 4 years ago it wasn't. Even his opponents talk about which parts of his trade barriers to keep vs whether to scrap them entirely.

What about another 20 years of Trump? He will probably seek to abolish the term limits.