It's doing fine. There are many free trade deals in the works around the world, the WTO is still chugging along as normal.
I'd actually say the idea of minimal government control over the economy is still the majority opinion in the US, Biden's Child Tax Credits are tax cuts, Trump had tax cuts. UBI which has been growing in popularity on the Left is really a neoliberal solution to welfare.
And on trade we just renegotiated NAFTA and kept it and we're working on a trade deal with the UK. You think the trade barriers to China are this big turn against neoliberalism but nobody has even had the ability to pass a law about it, the sanctions law is all repurposed from the Cold War.