Can you hear it — that loud roar coming from the East? It’s the sound of 1.4 billion Chinese laughing at us.

The Chinese simply can’t believe their luck: that at the dawn of the electricity-guzzling era of artificial intelligence, the U.S. president and his party have decided to engage in one of the greatest acts of strategic self-harm imaginable. They have passed a giant bill that, among other craziness, deliberately undermines America’s ability to generate electricity through renewables — solar, battery and wind power in particular.

And why? Because they view those as “liberal” energy sources, even though today they are the quickest and cheapest ways to boost our electricity grid to meet the explosion of demand from AI data centers.

It is exactly the opposite of what China is doing. Indeed, Beijing may have to make July 4 its own national holiday going forward: American Electricity Dependence Day.

Trump’s “big, beautiful bill” phases out tax credits enjoyed by utility-scale solar and wind — as well as electric vehicle tax credits. This virtually guarantees China will own the future of solar energy, wind power, and electric cars and trucks, and autonomous vehicles.

This dog’s breakfast of a bill — rushed through without a single congressional hearing with independent energy experts or even one scientist — is sure to put at risk billions of dollars of investments in renewable energy, mostly in Republican states, and potentially kill the jobs of tens of thousands of U.S. workers.

By the way, the bill also bans for 10 years a first-ever fee on excess methane emissions from oil and gas production, a key driver of global warming.

So, in one fell swoop, this bill will make your home hotter, your air conditioning bill higher, your clean energy job scarcer, America’s auto industry weaker and China happier.

How does that make sense? It doesn’t.

And the person in America who knows that best is actually Elon Musk. It is really sad to me that Musk — who is without question one of America’s greatest manufacturing innovators, having started globally leading companies making electric vehicles, renewable rockets, battery storage and telecommunications satellites — has discredited himself with so many voters because of his dalliance with Trump and because of his Department of Government Efficiency’s capricious cuts to the government workforce.

Because of that, many will not understand the vital truth that Musk has been shouting to his fellow Americans: Trump’s bill is “utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

This is not complicated and this is what China knows: There has never been a more intimate connection than there is now between a nation’s ability to generate huge amounts of electricity at affordable prices (and in the cleanest way possible) and its ability to develop AI engines that consume huge amounts of electricity as they learn and generate answers that could give us the tools we need to cure diseases, discover new materials and even produce the holy grail of cheap, clean, climate-saving fusion energy.

To put it differently, there has never been a more intimate connection between the amount of cheap, clean electricity a nation can generate for AI models and its future economic and military might.

Few Americans understand how far ahead of us China already is in this realm and moving further ahead, and faster, every day.

As for Trump’s goal of making America globally energy dominant during his term of office, his bill just made that impossible. There is no path to energy dominance in the next five years without renewables.

If that higher monthly electricity bill bothers you, call Energy Secretary Chris Wright. He assuredly knows better, but like every other sycophant in Trump’s Cabinet, he seems to have just told the boss what he wanted to hear. As Wright must know, solar energy plus storage batteries made up 81% of the new electricity capacity added in the U.S. in 2024, according to the U.S. Energy Information Administration. Now Trump’s idiotic bill will slash that amount.

The result for Americans? The research firm Energy Innovation, whose peer-reviewed energy modeling is widely respected, projects that Trump’s effort to diminish America’s renewable energy industry will cause wholesale electric power prices to increase roughly 50% by 2035, and that cumulative annual consumer energy costs will increase more than $16 billion by 2030. It also projects that about 830,000 renewable energy jobs will be lost or not created by 2030.

For all of these reasons, I am certain there are only two political parties in the world today cheering the passage of this bill: Trump’s Republican Party and the Chinese Communist Party — because nothing is more destined to make China great again than Trump’s “big, beautiful, America surrenders the future of electricity to Beijing” bill.

Thomas Friedman is a New York Times columnist.