In a world shaken by Donald Trump’s return to the White House and his renewed tariff crusade against half the planet, Italian-American economist Mariana Mazzucato keeps her focus on what really matters: industrial policy cannot be reduced to a battle over subsidies, taxes, or a defensive war of percentages. “What Trump is doing right now is not an industrial strategy; it is its destruction. He is destroying all the progress made by previous U.S. presidents,” she warns. Since January, the Republican leader has unleashed a new wave of tariffs that threatens to drag Europe and the rest of the world into a spiral of retaliation and protectionism — just as the European bloc tries to reclaim its own industrial vision.
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