Biden's manufacturing approach combined industrial policy (subsidies and incentives) with regulatory support and achieved massive increases in manufacturing investment, whereas Trump's approach emphasizes tariffs and deregulation but cuts industrial policy, requiring both components to succeed.
normativepending
Speaker
Rush DoshiEvidence Quote
“Biden approaches to manufacturing focused on industrial policy... The Trump approach is to focus on the tariffs and the deregulation but not on the industrial policy which they're planning to cut.”
Source
Why America Shouldn’t Underestimate Chinese Power | Foreign Affairs Interview— Foreign AffairsCreated: 8/11/2026, 7:59:31 AM
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