Earlier quoted context omitted.
Or you know - American companies can give customers a better product, instead of hiding behind yet another “too big to fail” scenario. America was synonymous with competition. To see protectionism championed, is to really see the end of an empire.
It's not that simple. China has supported key industries (like EVs, batteries, solar, semiconductors) that it views as strategic. Each country should do the same for their own situation. There is no such thing as pure capitalism- and what you see is 'protectionism' is to a lawmaker a way to ensure that the local company survives and provides jobs for the local region/state, etc. And as the other commenter mentioned,…
This is laughable given the history of the auto industry in America.
Foreign automakers (Toyota, BMW, etc.) build competitive factories in southern states and often paid better wages and delivered higher quality products. All this without decades of protection.
U.S. auto jobs still got wrecked despite the decades of "By American" policies anyway, since domestic auto companies decided to automate and offshore much of the work.