Globalization Made Howard Lutnick a Billionaire. Now He's Railing Against It as Trump's Commerce Chief. |
Economics
Globalization Made Howard Lutnick a Billionaire. Now He's Railing Against It as Trump's Commerce Chief.
Globalization helped make everyone else much richer, too.
Eric Boehm | From the May 2026 issue
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL Add Reason to Google
Media Contact & Reprint Requests
(Photo: MediaPunch Inc./Alamy)
The first year of the second Trump administration has been defined by an economic and foreign policy that treats the movement of people and goods around the globe as not merely suspect but actively harmful to Americans' well-being.
In January, Commerce Secretary Howard Lutnick set the bar for demonstrating how bizarre—and wrong—that logic is. While addressing the World Economic Forum's annual gathering in Davos, Switzerland, Lutnick declared that the decades-long project of economic liberalism had been, in fact, a terrible mistake.
"The Trump administration and I are here to make a very clear point:........