[tc-sacto]

Absolutely,
We need to institute wage and environmental parity tariffs that level the playing field between production in China/India and ours. You cannot have "free trade" with a nation that does not have reasonable environmental and per-capita GDP parity with your nation. It's not possible. You will get exploited in any such arrangement, irrespective of how you claim you're going to avoid it. There is only one way to prevent this outcome, and that is to institute wage and environmental parity tariffs that level the playing field between production in that nation and ours.

US bond sales don't fund Government spending,(a major misunderstanding by most people) so the fact that China happens to own US treasuries is irrelevant. Even if they did try and dump the bonds they currently own they would only be hurting themselves.

Lastly, by doing this coupled with drastically lowering the Corp tax rate we would certainly attract manufacturing jobs back to the US. This is the solution to our high unemployment problem.