More loss for US, as in customary US not winning fast is functionally the same as losing.

Heavy weight boxing a teen it should have brained in round 1.

Teen lands a few punches back is embarrassing.

Teen slapping heavy weights protectorates more embarrassing.

Teen surviving week 4 is like heavy weight failing to brain teen by round 7.

At this point it's looking like we're going to round 10 TKO, whoever "wins", US loses. People still going to wank over if US wins on TKO because muh K:D ratio or something, but real signal is teen's strategy was to survive hits and ultimately 10000s of heavy weight hits weren't haymaker strong enough to brain a teen. At >2% of GDP of PRC, Iran is basically teen/toddler territory that drew down significant % of US active force and munition stockpiles, so there's also layer of US losing more based on relative effort expended.

To China, the conflict is a clear demonstration of the impotency of the US war machine. Before this "military operation", one could imagine the US defending Taiwan.

Now, it's a laughable thought. It couldn't even if it wanted to.