US Commerce Secretary Declares Globalization Failed US, Advocates 'America First' Policy at Davos

At the World Economic Forum in Davos, US Commerce Secretary Howard Lutnick stated that globalization has failed the United States and the West by prioritizing offshoring and cheap labor, which weakened domestic industries and workers. He emphasized the Trump administration's 'America First' policy, advocating for economic sovereignty through domestic production and supply chains anchored in allied nations. Lutnick urged other countries to consider this model, highlighting the importance of controlling critical sectors like pharmaceuticals and semiconductors to maintain national independence.