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There will be no new détente in relations. The Cold War is likely to continue (The tensions between the USA and Russia will persist, regardless of who wins the elections)

As for Taiwan, I think we will see a slow escalation moving forward... The Americans are supplying their new medium-range missiles to the Philippines, and of course, there are endless training exercises involving American forces and the Taiwanese army. Under Trump, I believe everything will continue, including arms supplies

The likelihood of a hot conflict, in my opinion, is not very high. Although there is a lot of hysteria coming from the West, claiming that war is just around the corner. But I believe that this is not in the interests of either the USA or China. Considering that a lot depends on Taiwan, which accounts for 60 percent of the global semiconductor market