It's not a "narrow populist slogan." Trump may be trying to help Musk and vice versa but really- not at the cost of American workers. This kind of deal making should not be on the table when American needs to recover:

https://economictimes.indiatimes.com/nri/migrate/signals-from-musk-and-trump-whats-in-store-for-india-in-2025/articleshow/116804504.cms?from=mdr#google_vignette