Current trading activities doesn't mean much by themselves. Europe also still trades with Russia. This is sort of missing the forest for the trees. You have to look at whether there are concerted efforts from Europe/US to REDUCE trade with Russia/China, which is yes. And whether US/Europe is restricting China's military capability, which is yes.
We might not be in a direct, conventional, people-shooting-each-other war, but the trade war with them is absolutely raging and we are pretty evenly matched. It's a nightmare. One of the CCP's greatest strengths is to exploit/play our economics game better than ourselves, with all the advantages that brings.
Does this mean China is effectively at war with Russia too?