Overview

• Vice President JD Vance criticized globalization's reliance on cheap labor, describing it as a 'crutch' that stifles innovation and productivity in the U.S.
• Speaking at the American Dynamism Summit, Vance emphasized the Trump administration's commitment to incentivizing domestic investment and reducing overregulation to spur economic growth.
• He argued that separating manufacturing from design under globalization has harmed U.S. competitiveness, enabling foreign nations to climb the value chain.
• Vance sought to bridge perceived tensions between populists and tech optimists, advocating for innovation that enhances labor value rather than replacing it.
• The administration aims to dominate artificial intelligence development, with Vance promoting optimism about its potential to create opportunities and improve productivity.