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There would be no benefit for a war for either side.
The US decided not to fight Russia and China during the Korean War. Historical records from the Senate hearings on the Korean war show that the US decided against a wider Korean war because of 500,000 Russian troops, 85 Russian Submarines and Chinese military of that time.
Omar Bradley, the chairman of the joint chiefs, flatly rejected MacArthur's call for a wider war. "In the opinion of the Joint Chiefs of Staff, this strategy would involve us in the wrong war, in the wrong place, at the wrong time and with the wrong enemy," he said.
Other excised testimony revealed a fundamental reason for the administration's reluctance to escalate in northeast Asia: There was precious little for the United States to escalate with. American air power, in particular, was stretched very thin. Hoyt Vandenberg, the Air Force chief of staff, told the committee that Korea was already claiming a large part of America's available air strength. "The Air Force part that is engaged in Korea is roughly 85 percent—80 to 85 percent—of the tactical capacity of the United States," he said. "The strategic portion, which is used tactically, is roughly between one-fourth and one-fifth. The air defense forces are, I would judge, about 20 percent."