For me as a vague 1920s maybe-the-SocDems, I see this as vaguely positive. A return to pragmatism from market dogmatism.

I see some of the tariff stuff and the US protectionism sort of the same way, although I don't approve, since I think the US uniquely benefits from this kind of thing due to that the dollar is such a predominant reserve currency and since I think it's badly done and will backfire, tarring what in principle be sensible policies if carefully targeted with being Trumpist.

This seems more vaguely 1930s maybe-some-other-ism.