"Tell China and Russia that since they want a new Cold War you will give them one. "
Silly person... then what would we sell at WalMart?
There are always other options for cheap goods, always. Global strategy is fluid. Nixon played the China card, Bush can play the Vietnam card. This notion that China is the only country capable of producing cheap goods is silly. As a matter of fact, talk about MAD China would be more devastated than us if we were to revoke MFN status and shift our trade to elsehwere.