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Four years ago, the Trump administration vowed to bring back industrial jobs from Asia and revitalize American manufacturing. But things haven't worked out as planned. (Nikkei photo illustration)
The Big Story

The next wave of globalization: Asia in the cockpit

Don't worry about the future of globalization. Make sure you have a place in it

PARAG KHANNA, Contributing writer | East Asia

Four years ago, the Trump administration came into office promising to bring back industrial jobs from Asia and revitalize America's manufacturing foundation. He pledged to slash the country's trade deficit with China by forcing it to buy more oil, food and industrial goods from the U.S.

But things haven't worked out as planned. November 2020 was the busiest month in the history of the port of Los Angeles, with up to 20 container vessels being unloaded every day -- mostly from China, which sent a record $52 billion of goods across the Pacific Ocean that month.

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