We aren't retreating from globalization, we are just separating out the good and the evil and deciding not to do business with evil.
Autocratic dictatorships are the baddies. https://www.youtube.com/watch?v=8JOpPNra4bw
For example, China just went from a "sort of" almost democracy to full on autocratic dictorship the minute the law was passed that Xi Jinping is now life dictator. Same with Putin and Russia.
I don't feel like I have to defend anything I wrote above - it's pretty self-evident.