US Commerce Secretary Lutnick: Globalization Failed the West at Davos
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Firstpost•21-01-2026, 10:41
US Commerce Secretary Lutnick: Globalization Failed the West at Davos
- •US Commerce Secretary Howard Lutnick declared at Davos that globalization has failed the West and the United States.
- •Lutnick argued that decades of offshoring and export-led growth damaged domestic industries and left American workers behind.
- •He stated the Trump administration's 'America First' policy prioritizes domestic workers and national interests, advocating for other countries to consider similar models.
- •Lutnick warned against offshoring critical industries like pharmaceuticals and semiconductors, linking economic policy to national sovereignty.
- •He criticized Europe's net-zero push, suggesting it risks deepening dependence on China for battery manufacturing.
Why It Matters: US Commerce Secretary Howard Lutnick asserts globalization failed the West, advocating 'America First' policies.
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