Is America Prepared for a Second Cold War with China?

Reflecting on President Trump’s recent trip to Asia, Pat Buchanan asks “Again, are we Americans up for a Second Cold War, and if so, why? And why is it America’s job, 12 time zones away, to make sure China tends to her own knitting?” Buchanan continues at The American Conservative:

While China is a great power, she has great problems.

She is feared and disliked by her neighbors. She has territorial quarrels with Russia, India, Vietnam, the Philippines, Japan. Moreover, the monopoly of power now enjoyed by the Communist Party and Xi Jinping mean that if things go wrong, there is no one else to blame.

Finally, why is the containment of China in Asia the responsibility of a United States 12 time zones away? For while China seeks to dominate Eurasia, she appears to have no desire to threaten the vital interests of the United States.

Are we Americans up for a Second Cold War, and, if so, why?