Recent commentary highlights that under President Donald Trump, the United States is experiencing a shift toward a form of state capitalism characterized by increased political control over the economy. This model has been described as "State capitalism with American characteristics," drawing parallels to China's "Socialism with Chinese characteristics." Analysts note that Trump's approach involves the use of tariffs, tax breaks, and industrial policies as tools of economic management, moving away from traditional free-market capitalism. Critics argue that this strategy resembles a hybrid economic system where government influence extends deeply into private sectors, including companies, law firms, colleges, and politically aligned districts. Some commentators have controversially compared this trend to forms of national socialism or autocratic state control, emphasizing the departure from conventional American capitalism. The discourse reflects concerns about the evolving nature of U.S. economic policy and its implications for market dynamics and political influence.