Sanctions in the US have been about avoiding wars, rather than trade. There are also other global reserve currencies... value of dollar was earned.
Invasions have been shady for raw materials, for sure. Chinese are getting that in smarter ways now, but building their new “Silk Road,” which is a way to ensure they get raw materials mined by Chinese labor by Chinese companies in foreign land by propping up existing corrupt officials. Basically they took a US playbook and made it “better.”
China has surely done all the things you're accusing the US of, but they aren't being punished for that.
Britain took steps as extensive as banning skilled people from travelling to the USA.
All this is just historic and doesn't necessarily feed into what should be done in the present situation, but it is useful to note that this is a common path that developed countries have followed in the past:
- ignore/steal IP
- protect and subsidise domestic equivalents
- upon domestic industry being competitive, reciprocally lower tariffs
- once fully developed, lobby for free trade and strong IP protection
(I'm not sure anything has been proven definitively in the open, but I'm not sure that applies to all these China allegations either)