US Commerce Dept - Globalisation has failed the West

S

stanlawj

Arch-Supremacy Member
Joined
Jul 11, 2021
Messages
10,123
Reaction score
5,486
I hope you pay attention. Lutnick is speaking on behalf of all the worker class on a global platform against the political leaders including Singapore's.
 
N

NOfLine

Suspended
Joined
May 13, 2021
Messages
1,652
Reaction score
510
Enlightening takeaway for me from Lutnick’s sharing at Davos:

China has leveraged the GATT/WTO system and global offshoring to rapidly scale its manufacturing base, while hollowing out parts of US and European industry.

The old efficiency paradigm in globalisation is fading. A new resilience paradigm is taking over, where countries prioritise security, redundancy and control over pure cost minimisation.

Trump 2.0 sits squarely in this shift: more tariffs, more weaponisation of trade, and a much tougher stance on China and on allies seen as “free‑riding” on the US market.

 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top