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‘Globalisation has failed the West,’ says US Commerce Secretary Howard Lutnick at Davos

At the World Economic Forum in Davos, U. S. Commerce Secretary Howard Lutnick stated that globalisation has failed the West, attributing the decline of domestic industries and the struggles of American workers to policies that prioritized offshoring and export-led growth. He emphasized the need for a renewed focus on national sovereignty and strengthening domestic industry.

US Commerce Secretary Howard Lutnick speaks at Davos

US Commerce Secretary Howard Lutnick speaks at Davos

Credit: Firstpost

Key Highlights

  • Howard Lutnick is the U. S. Commerce Secretary.
  • He made his remarks at the World Economic Forum in Davos.
  • Lutnick claims that globalisation has damaged Western economies.
  • He advocates for prioritizing sovereignty and domestic industry.
  • The comments reflect a shift away from offshoring policies.
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Sources

  1. ‘Globalisation has failed the West,’ says US Commerce Secretary Howard Lutnick at Davos

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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