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If Barack Obama threatened individual companies and whole industries like Trump, Conservatives would've called it Marxist-Socialism. Out of Trump's mouth, they call it "populism."
The Progressive Democratic response should be that tariffs and taxes are a terrible way to regulate corporate behavior. You have to do that on a more fundamental level, i.e. corporate and business law and regulatory policies.
Government's job is to support a booming economic expansion through fiscal policy, such that a U.S. company that offshores jobs actually helps make things more efficient for us all. If we have too many jobs and some are not getting done, it's not a problem if a company finds foreign based labor to do some of that work for us. Indeed, it's a benefit: we get to consume more stuff. It's the federal government's responsibility to make sure those type of business conditions prevail. It's the federal government's job is to make sure full employment and price stability prevails in the economy. Net-Imports are a massive aid to price stability with full employment. And the best way to achieve full employment is through a federal job guarantee or employer of last resort the likes of which Democrats supported in the 1970s.
See the 1972 and 1976 Democratic Party Platforms: