Trump Commerce Secy Says ‘Globalisation Has Failed’, UK’s Rachel Reeves Hits Back | Davos Summit
January 21, 2026
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11:27Now PlayingTrump Commerce Secy Says ‘Globalisation Has Failed’, UK’s Rachel Reeves Hits Back | Davos Summit
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as posted by the channelDavos Summit| Howard Lutnick WEF speech | Rachel Reeves WEF | US at Davos Summit | Davos Summit panel discussion | Howard Lutnick globalisation | Rachel Reeves globalisation
US Secretary of Commerce Howard Lutnick sparked a heated debate with his British counterpart Rachel Reeves at the Davos Summit. The Trump admin official claimed that globalisation had failed the West and the US. The rest of the panel, which included Reeves, then launched a verbal ambush against Lutnick and said globalization was not going away, it is just getting more complex. he comments drew responses from other senior figures like Canada’s Finance Minister François-Philippe Champagne, Bank of America CEO Brian Moynihan and EY CEO Janet Truncale.
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