Now (or anytime since 1994) would also be a good time to reevaluate our dependence on China.
Correct. We need to ween ourselves off of China specifically as much as possible. Trump has the right idea. First require all the vital stuff such as PPE, antibiotics, rare earths, components of weapons systems, etc to be made domestically.
Obviously get rid of Gaia worshipping regulations that increase the cost of doing business and produce as much of our own energy as possible - this also makes domestic manufacturing more competitive.
Next, nudge the tariff rate on Chinese goods up from 10% to 20%. Then a year or so later, 30%. Then 40% etc.