Well, I expect you are wrong, although I hope that I am wrong and you are right.
As I have said, this is not a "free market" situation. The full weight of Chinese industrial/governmental policies and espionage efforts are intended to de-industrialize the U.S. and industrialize China.
Just think how much industry we would still have if China were compelled by a canny U.S. policy to BUY $120 billion annually of U.S. manufactures (not industrial plant, but manufactures) instead. The Free Fall of U.S. manufacturing, steel, automotive, machine tools, semiconductors, circuit boards, and engineering...would be slowed.
China and Mexico Have Lost 22 Million Manufacturing Jobs in the Past 6 Years
Wow. You want industrial subsidies to go along with agricultural subsidies, while supposedly championing "small government."
BTW, the current slide in the value of the dollar can be traced to the actions of a certain Bush-hating palindrome-surnamed currency speculator.