"Also, people who decry the balance-of-trade situation overlook the fact that much of what we import is our own product being made in China."
Absolutely true.
My first preference would be for a product designed and made in the US or in a country with similar (or better) labour and environmental laws.
My second preference would be a Chinese product from Chinese designers, with Chinese manufacturer, and minimum importer markup. At least the money goes to the people doing the work.
My absolute last preference is for a "US" or "UK" product, made in China, sold at the same price as products made in the US or UK, with a very small number of individuals in the US/UK pocketing the extra they've made by transferring all assembly overseas. The same goes for products where the importer/distributor adds a huge markup. That's why I'd always buy Rega or Cyrus instead of Quad or Creek if I were still living in the UK.
I like to support my neighbours, and I like to support the people who design and build things. What I don't want to support are those that offshore jobs so that they can sidestep labour and environmental laws and become wealthy in doing so.