It "shouldn't" be a problem for the US to do that, because it's supposed to be minimizing regulatory overhead and promoting competition so its companies are globally competitive. Importing something from a country because they have a large labor market is a different thing than importing things from that country because your country imposes high regulatory overhead on domestic producers but not on foreign imports.

This also gets back to my point about the US increasingly failing at its ideal of not imposing high regulatory overhead.