To start with, stop importing everything from China.
We currently import 440 billion dollars worth of goods from China. (2013 total)
We only export 122 billion dollars worth of goods to China.
Bring back American manufacturing.
Given what you know about the importance of comparative and absolute advantage in free exchanges what affect do you think that would have?
How about on the division of labor?
Do you have any historical evidence that America is better off when “trade deficits” are lower or zero?
If we cut off all trade with China, but it was simply replaced with trade from other foreign sources what policy would you suggest next to end trade with countries other than America?