The experts said open and unrestricted trade would lift all boats. Instead, it sank cities. Trump’s plan hits reset on a broken economic order.

The globalist fairy tale is finally unraveling — and not a moment too soon.

For decades, Americans were sold the shiny promise of globalization: open markets, booming trade, cheaper goods, and peace through economic integration. But behind the glittering sales pitch was a brutal reality — the slow, deliberate hollowing out of the American middle class.

Trump’s tariffs are not just about trade. They’re about rebuilding what our elites sold off piece by piece.

Enough of this.

President Donald Trump’s recent announcement on tariffs sent the elites — those who profited most from this decades-long experiment — into full panic mode, and for good reason. Their gravy train may finally be running out of track.

This isn’t about economic theory. This is about the lives, livelihoods, and dignity of the American people — especially those in towns and cities that once hummed with the sound of industry.

How it started

The North American Free Trade Agreement was the appetizer in a global feast that served American manufacturing to foreign competitors on a silver platter. Even President Bill Clinton, at the NAFTA signing ceremony in 1993, seemed eager to get past the domestic details and embrace the coming wave of globalization.

By the early 2000s, the United States was importing at unprecedented rates. Today, the trade deficit with the European Union alone is $235 billion. That’s not trade — that’s surrender. Our deficit with Europe hasn’t fallen below $100 billion since 2011.

None of this happened by accident.

It began with a handshake in 1972, when President Richard Nixon traveled to Mao Zedong’s China. At the time, China was riding bicycles and rationing rice. No one imagined that opening the door to trade would lead to the economic superpower we face today.

But by 2001, that door had been blasted open. China joined the World Trade Organization, committing to lower tariffs and removing trade barriers. American markets were flooded with cheap Chinese goods — and American workers were left holding an empty lunch pail.

The result was a trade deficit with China that ballooned to $295 billion last year. That’s the largest deficit we have with any country. Our total trade deficit in 2024 was a record $1.2 trillion — the fourth consecutive year topping $1 trillion.

The human toll

The fallout from this one-sided relationship with China is staggering. A 2016 MIT study found that, in the decade following China’s World Trade Organization entry, the U.S. lost 2.4 million jobs — nearly a million in manufacturing alone. The researchers concluded that international trade makes low-skilled workers in America “worse off — not just temporarily, but on a sustained basis.”

You’d think a quote like that would be plastered across every office in Congress. But no. The political class — especially on the left — chose to ignore it.

Instead, they wring their hands in confusion when working-class Americans turn to a leader like Donald Trump. “Why are they so angry?” they ask, while standing atop the wreckage of towns they helped dismantle.

About that wreckage

In Galesburg, Illinois, Maytag once employed 5,000 workers. The last refrigerator rolled off the line in 2004. The site is now rubble and weeds.

Youngstown, Ohio — once a titan of American steel — has lost 60% of its population since the 1970s. Gary, Indiana, once home to U.S. Steel’s largest mill, has over 10,000 abandoned buildings. In Flint, Michigan, over 80,000 GM jobs vanished. By 2016, over half of men ages 25 to 54 in Flint were unemployed. Buick City, once a symbol of industrial might, was demolished in 2002.

Detroit, once richer than Boston, is now 40% poorer. The U.S. auto parts industry lost 419,000 jobs in the decade after China joined the WTO.

Even NPR admitted that “the China Shock created what looked like miniature Great Depressions” in these areas.

From dream to despair

Between 2000 and 2014, America lost 5 million manufacturing jobs — the steepest decline in American history.

Meanwhile, in the same time period, corporate profits soared 600%. CEO pay has ballooned to 290 times that of the average worker. In 1965, it was 21 times. Since 1978, CEO compensation has grown by over 1,000%. Regular worker pay? Just 24%.

They told us the rising tide would lift all boats. Turns out, it mostly lifted yachts. And the rest of the boats? Capsized.

This economic assault came with a steep psychological toll.

A 2017 Princeton study found a link between rising deaths of despair — suicide, alcoholism, drug overdoses — and job losses in trade-exposed areas.

Since 1999, overdose deaths in America have increased sixfold. In Ohio, they rose 1,000% between 2001 and 2017. The hardest-hit areas? Deindustrialized, working-class communities.

The American middle class is vanishing. In 1971, 61% of households were middle class. By 2023, it was just 51%. In 1950, manufacturing jobs made up 30% of total U.S. employment. Today, they make up just 8%.

   David McNew / Staff | Getty Images

There are fewer Americans working in manufacturing today than there were in 1941 — before we entered World War II — despite our population more than doubling.

This collapse hit black workers especially hard. Between 1998 and 2020, more than 646,000 manufacturing jobs held by black Americans disappeared — a 30% loss in that sector.

A reckoning long overdue

Trump’s tariff push is a long-overdue confrontation with the failed consensus of globalization. For 25 years, the arrangement has been spectacular — for China and for U.S. corporations chasing cheap labor. But for America’s workers and towns, it has been catastrophic.

Yes, the corporate press is scoffing. CBS News recently “fact-checked” Trump and Vice President JD Vance’s claim that America has lost 90,000 factories since NAFTA. The correct number, they said, was actually 70,500.

Oh? Only 70,500? As if that’s supposed to be reassuring.

These aren’t merely statistics. These are livelihoods — entire communities turned into ghost towns. Every shuttered factory was once a promise of stability, dignity, and upward mobility. And with each closure, that promise was betrayed.

We’ve allowed globalization to crush the backbone of this country — the working men and women who don’t show up on CNBC but who built the very foundation we all stand on.

Trump’s tariffs are not just about trade. They’re about sovereignty. They’re about self-respect. They’re about rebuilding what our elites sold off piece by piece.

This is not a perfect plan. But it’s the first real attempt in decades to confront the human cost of globalization. It’s a wager that America can still choose dignity over dependence, self-sufficiency over servitude.

Let’s hope we’re not too late.

This article originally appeared on TheBlaze.com.