Covid was a hiccup for global trade. The just in time supply chains created by the constant whittling/looting of the MBA class were the problem.

Globalization died when the small minded monster Republicans had been farming for decades escaped its talk radio cage and found Trump. Trump (and his loser-mentality enablers) saw systems they didn't understand, and more irritatingly other parties who wouldn't just lap up shit as they were bossed around, and inferred this meant the US must have been getting a poor deal instead of an awesome one. (BuT tHE dEbT!!1!)