Industrial policy has been a frequent subject on Smith's blog, for those who don't follow it. (He's for it, and thinks that Biden's industrial policy was mostly good - it's worth following the links in this post.) This post focuses on defense-related geopolitical industrial policy goals and pros and cons of anticipated changes under the incoming Trump administration and Chinese responses. Particularly, he highlights two major things China can do: Restrict exports of raw materials (recently announced) and use their own industrial policy to hamper the West's peacetime industrial policy (de facto policy of the last 30 years). These are not extraordinary insights, but it's a good primer on the current state of affairs and policies to pay attention to in the near-future.
Noah Smith: Manufacturing is a war now
noahpinion.blog
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My answer here is that there is no meaningful "we", and your level of analysis is decoupled from actions you can personally take, because the US natsec blob gains meaning from opposition to China and is thus pretty set on that.
Coupling it with actions would be much more interesting, e.g., "why don't we form a voting block that attempts to influence either mainstream party into doing so?", "why don't we see if we can get 100 people to call their US representatives about [whatever]?", "why don't I personally see how I can meaningfully trade with China, e.g., by manufacturing stuff there".
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