Secretary of Commerce Howard Lutnick said point-blank during a panel discussion at the World Economic Forum on Tuesday that “globalization has failed.”
Lutnick’s comments came during a panel titled, “Prosperity: Sovereign Yet Connected?” where he was joined by Canadian Finance Minister François-Philippe Champagne, Chancellor of the Exchequer Rachel Reeves, European Institute Director Adam Tooze of Columbia University, Bank of America CEO Brian Moynihan, and Wernst and Young CEO Janet Truncale.
Lutnick said that the Trump administration was putting American workers first after globalization had “left the American Workers behind.”
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“We are in Davos at the World Economic Forum, and the Trump administration and myself, we are here to make a very clear point: Globalization has failed the West and the United States of America,” Lutnick
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