In many industries they have found it's actually cheaper to buy american, (or Canadian) products. The quality is better, usually. And they don't have to replace, scrap, or send back half the parts they get from China.
That said, the Chinese will continue to manufacture a lot of our stuff.

Frank/Rebop

Bristol, In ( by Elkhart) 

I see China as the 'New Japan' in that years ago Made in Japan meant it was junk, but they have improved to the point that most of their products are of high quality.

When I was young (early 60's) I remember my dad and Grandfather saying they "would never buy that Jap Junk". My dad is now 94 and swears by his Honda.

"The Master Cylinder"

Enjoying life at the beach in SOCAL