Why shouldn't the US begin very aggressively promoting its own domestic corporations, directly, at the expense of foreign companies as well then? Using all means available to the US Government to do so.
Nobody here that is saying it's great for China to protect its local ecosystem, will think it's ok for the US Government to do likewise and doing everything in its means to leverage its particular advantages in favor of companies.
How about the Fed set up a US manufacturing fund. Instantly create a trillion dollar sovereign fund out of thin air, to decimate or buy-up foreign manufacturing competition. Of course the Fed wouldn't be so obvious about it, you'd want other nations to be the frog getting boiled in the pot, you want them to go to sleep with assurances that it's nothing sinister. Next thing you know, Tesla is getting $100 billion in free capital to go after BMW and Mercedes with subsidized vehicles. Or maybe the US should start a state owned lithium enterprise and buy up all the lithium supply, and use the leverage in the Western Hemisphere, to block out all foreign access to lithium in South America. And leverage all of that into a huge benefit to domestic electric car production. China did the same thing with rare earth metals. Or how about Uber get a 0% loan from the Fed for $50 billion, to go after the rest of the world (examples intentionally exaggerated). Those are the sort of policies that China has in place right now across numerous major industries.
