Breitbart Business Digest: Why Did Globalization Crash Manufacturing Productivity?
Why did America’s manufacturing productivity crash as we opened our markets to the world?

Why did America’s manufacturing productivity crash as we opened our markets to the world?

A leading Labour Party peer has warned that his party will “get its head kicked in” by Nigel Farage’s Reform UK in the upcoming local elections in England as a result of its focus on woke issues rather than those facing its traditional working-class base.

So, when critics say tariffs are just crony capitalism for incumbent firms, point them to the stock market. It’s not cheering. It’s panicking. Because this time, the rules really are changing.

United States Chamber of Commerce CEO Suzanne Clark made a veiled attack against former President Donald Trump’s economic nationalist agenda, declaring that tariffs and reshoring America’s manufacturing base threaten the global economy.

Executives with Michelin announced that they will soon close a tire production plant in Oklahoma, laying off 1,400 American workers.

Treasury Secretary Janet Yellen reaffirmed President Joe Biden’s globalist agenda this week, vowing that the United States is “not attempting to decouple from China.”

Rep. Jim Banks (R-IN) has introduced a plan to end the United States’ decades-long, job-killing free trade status with China as multinational corporations in the semiconductor industry plead with the federal government to keep open their access to the Chinese market.

China now dominates the world’s supply of nickel, a critical mineral needed to manufacture batteries for Electric Vehicles (EVs) in the United States, a new report details.

President Joe Biden is likely to decide sometime before the end of the year whether to keep billions of dollars worth of United States tariffs on China-made goods.

Sen. Marco Rubio (R-FL), the vice chairman of the U.S. Senate Select Committee on Intelligence, told Breitbart News exclusively that the Chinese Communist Party (CCP) cover-up of the origins of the coronavirus pandemic reminds him of Chernobyl.

Globalization of the United States economy has had a crippling impact on American towns as free trade makes it easier for companies to move production and jobs overseas, a report from the U.S. International Trade Commission details.

The Associated Press found more than 3,600 shipments of wood, metals, rubber and other goods have arrived at U.S. ports from Russia since it began launching missiles and airstrikes into its neighbour in February.

Germany’s dependence on China — now its largest trading partner — makes it incredibly vulnerable to a future east-west trade war.

The war has trapped about 22 million tons of grain inside Ukraine, according to President Volodymyr Zelensky, a growing crisis for the country known as the “breadbasket of Europe” for its exports of wheat, corn and sunflower oil.

The British government has reportedly approved the sale of the UK’s largest microchip factory to a firm tied to the Chinese Communist Party.

A leading economist has declared that economic globalisation is now ‘over’ as a result of the Ukraine war.

A vital demographic of the American electorate, swing state voters in the heartland who side with economic populists against corporate special interests, are being sought after by a number of Democrats running for the United States Senate.

Gov. Ron DeSantis (R) announced a nearly $10 million investment in semiconductor production for the state of Florida to combat the United States’ reliance on China and other foreign countries for vital supplies, parts, and materials.

Humanity needs a global reset because the unjust, pre-pandemic world is not worth going back to, Pope Francis asserted Monday.

Democrats lost significant support in small-to-medium cities and towns in the Midwest which have been gutted by the decades-long globalization of the American economy.

France is investgating four fashion companies for the alleged use of slave labour in the Xinjiang region of China.

The United Steelworkers union, along with other manufacturing groups, says former President Trump’s tariffs on imported steel “have been a success,” urging President Joe Biden to keep the tariffs in place.

More than 60 percent of Americans believe U.S. migration policy should first serve the interests of their fellow Americans, according to a large opinion survey by the pro-migration Cato Institute.

The federal government certified nearly 109,000 Americans last year as having lost their jobs due to free trade and globalization, federal data show.

Pope Francis warned Tuesday that globalization risks creating a stultifying uniformity in the world if it fails to respect local diversity and individuality.

United States Trade Representative (USTR) Robert Lighthizer says President Trump’s commitment to economic nationalism “changed the way people think about China” as free trade globalists admit their failures.

The majority of likely American voters say they oppose “The Great Reset” initiative currently being spearheaded by globalists in the United States and Europe, a survey finds.

Democrat Joe Biden is lining up a team of economic advisers who remain committed to their belief that globalization of the United States economy is beneficial to Americans, a report by the Wall Street Journal states.

Wall Street donors from the nation’s biggest banks will end up spending about $74 million trying to get Democrat presidential candidate Joe Biden elected.

China’s state-run Xinhua News Agency highlighted Chile’s commemoration of 500 years since the first crossing of the Strait of Magellan this week, hailing the feat as humanity’s first major step toward “globalization.”

Pennsylvania’s white working class communities very well could be President Trump’s road to victory in the swing state if his campaign focuses on driving up their support on election day, a New York Times report indicates.

Democrat presidential candidate Joe Biden will implement a “new approach to globalization,” his senior economic adviser says.

Richard Grenell, the former Acting Director of National Intelligence and former United States Ambassador to Germany, torched “unlimited globalization” and it’s devastating impact on America’s working and middle class during his speech at the Republican National Convention (RNC).

Former President George W. Bush painted and profiled 43 immigrants in his latest book, “Out of Many, One: Portraits of America’s Immigrants.”

U.S. immigration policy is a form of cannibalism in which hungry elites devour Americans’ wealth and civil rights, Eric Weinstein told Texas Sen. Ted Cruz.

More than twenty Conservative parliamentarians have written to Boris Johnson’s trade secretary urging action to reduce Britain’s “dangerous” dependence on China, after a report revealed the country relies on the Communist-led dictatorship for many vital supplies.

Seven French agricultural organisations have called on the government to increase food sovereignty as a response to dangers revealed by the Wuhan coronavirus crisis.

Tuesday, in an interview with Huntsville radio’s WVNN, Rep. Robert Aderholt (R-AL) offered an optimistic take on moving forward from the coronavirus shutdown put into place in his state, arguing that strides have been made in combatting the outbreak.

Executives with the George W. Bush Presidential Center say more globalization of the American economy is the answer to the Chinese coronavirus crisis, not the problem.

When the after-action report on the current pandemic is being prepared, I’m going to ask the guy with the notepad to write down: “China” and “globalists.”
