Is America still capitalist, or was it ever?

Preface: I am not an economist or even a graduate candidate, just an investment analyst and I joined this sub to learn from people much smarter than me.

I see growing similarities between President Trump’s economic regime and mercantilism than I do with traditional capitalism, and there are many distinct digressions from a Friedman free market, or even a fundamental Adam Smith market. Would the United States be considered a Neo-Mercantilist economy now given these radical evolutions over past decades?

Looking forward to reading this discussion!