Claim: Secretary Lutnick said that globalization is a failed policy
100%- Secretary of Commerce Howard Lutnick explicitly stated at the World Economic Forum in Davos, Switzerland: "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"1
- Lutnick directly called globalization "a failed policy" during the panel, adding "It is what the WEF has stood for, which is export, offshore, far-shore, find the cheapest labor in the world"1
- The U.S. Commerce Department's official X/Twitter and Instagram accounts promoted the statement with the caption "Globalization has FAILED"23
- Multiple news outlets, including the New York Post and Reason magazine, reported on and quoted Lutnick's remarks verbatim41
Overall validity: 100%