Since retaking the presidency in January, Donald Trump has initiated a blitz of chaotic, damaging economic policies. For months, as Nic Johnson wrote in the NYR Online this past April, he has been waging an unprecedented trade war against much of the world, “imposing punitive tariffs and threatening to retract America’s security umbrella” in the hope of strong-arming various countries into “sharing what he sees as the burdens of providing public goods like the global dollar system and military protection.” One of the ostensible purposes of this ever-shifting tariff regime is to reshore US manufacturing. And yet Trump’s administration has hardly followed through on that promise in practice. Instead, as Susannah Glickman wrote in the NYR Online last month, it has taken “a sledgehammer to the government’s capacity, oversight, and industrial policy,” gutting the state’s ability to plan in the long term and eroding the defense-industrial base by giving ever more military contracts to Silicon Valley firms structurally ill-equipped to produce hardware at a large scale. In matters of trade and industrial policy alike, Glickman …