This has nothing to do with capitalism. This is pure government intervention in a global market where other competing governments (China) are extremely interventionist already.
It's just capitalist governments doing capitalist things like the bidding of the owner class, as they've always done. There's never been a time that capitalist states didn't appropriate property from one party in order to give it to the wealthy. Calling this "clepto capitalism" is a distinction without meaning.
This has nothing to do with capitalism. This is pure government intervention in a global market where other competing governments (China) are extremely interventionist already.
Capitalism != Free Market
Free market is for the times when you keep winning, once you start losing, it's time to protect national security (tm).
It's just capitalist governments doing capitalist things like the bidding of the owner class, as they've always done. There's never been a time that capitalist states didn't appropriate property from one party in order to give it to the wealthy. Calling this "clepto capitalism" is a distinction without meaning.