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Those things are not mutually exclusive. Aid to Ukraine has been a drop in the bucket as far as US military spending and budget is concerned. There is nothing in that spending that has stopped US from preparing for your so called vision of a decisive final battle for dominance with China. The reason why you have a big hole in the budget is not because of military spending, it is because of Social Security and Medicare. However, to be frank, if US was actually interested in mobilizing the will for standing up to China, you would actually fix all of that by raising taxes.
Dislodging Russian and Chinese co-operation on current terms is frankly delusional. As a Russian or Chinese leader, you would have to be frankly stupid to allow US to create a wedge between the two only because seemingly US has now warmed up to Russia.
What current situation has created is that for Europeans it is indeed better to be much more autonomous (and I have always agreed with that as an European), but furthermore, it is now better to build pragmatic ties with China rather than just follow whatever US dictates. Don't see how that benefits US if US is actually interested in taking on China.
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