This is not a contrarian opinion. This is a problem that was recognized long ago and production capacity for strategically important industries has been in the buildup both in Europe and the US.
Trump's actions will probably boost European, Canadian and Australian industries a bit more now. Investment in the US will be a hard sell for companies that care about the stability and level-headedness of governments where they operate.
Well, the contrarian opinion is that this (whatever he did) is a good thing - whether decentralisation happens into the US, Europe or wherever. It's one thing to recognise the problem, and another to attempt to change an uncomfortable status quo.
Every other approach attempted to date has been milder, and hasn't worked. But we'll see if he sticks to it.
> Every other approach attempted to date has been milder, and hasn't worked.
A lot of things were working even if they did not change everything overnight.
And the changes that will come to the world order and industries following this administration will on the whole be detrimental for the US economy and position in the world.
> A lot of things were working even if they did not change everything overnight.
We can disagree. The frog was slowly getting cooked.
China's trade surplus has reached 1 Trillion dollars, and has seen consistent YoY growth for decades. Such asymmetry is dangerous in the long run. Now, none of this is China's fault. They did the right thing for their country and their population.
> And the changes that will come to the world order and industries following this administration will on the whole be detrimental for the US economy and position in the world.
That remains to be seen. I have no way of knowing, but I would assume that it isn't just the US which is concerned about this.
Trump's actions will probably boost European, Canadian and Australian industries a bit more now. Investment in the US will be a hard sell for companies that care about the stability and level-headedness of governments where they operate.