It would never happen. Americans are too accustomed to buying cheap Chinese shit. Think about it...look at all the American hams that would need to stop buying all those cheap Baofengs and Xiegu 90's. You could hear the scream of frustration on the moon from all those hams who could no longer buy their cheap toys. That's just one example, the Chinese have their tentacles everywhere.
I'm old fashioned, we should stop all the fancy diplomatic talk, meet them head to head. Stop pussyfooting and worrying about their feelings, acknowledge them as our global enemy.