Relax. This doesn't mean we're not going to fight terrorists. What it does mean is that we're not going to let geopolitical rivals walk all over us and gain strategic advantage while we use the excuse that we can't fight them because we're too busy with Al Qaeda.
Remember when Mitt Romney said in a 2012 debate that Russia is America's number one strategic rival, and Barack Obama mocked him for it. "You said Russia. Not Al Qaeda, but Russia," Obama sneered. "The 1980s called. They want their foreign policy back."