Donald Trump has made restoring American industry a priority across his administrations. But rather than continue Biden’s efforts to bolster domestic manufacturing through subsidies, Trump has instituted a series of tariffs intended to reshore former pillar industries and improve US trade balance.

In this episode of Confronting Capitalism, Catalyst editor Vivek Chibber and Jacobin contributor Melissa Naschek explore the promises and limits of a state-led industrial growth strategy. While industrial policy has led to success stories around the globe, implementation is often easier said than done when capitalists oppose it.