Canada's deal with China signals it is serious about shift from US
https://www.bbc.com/news/articles/cm24k6kk1rkoIt is going to be a rough ride as America re-calibrates to a world which no longer relies on it. We took enormous amounts of benefits for granted.
Trump wants to tariff countries that support Denmark and Greenland. That's like all of the other NATO countries. What happens if NATO doesn't exist? No more bases to support Middle East operations and no more intelligence sharing.
It will mean more support from the Canadians and Europeans for moving trade to be denominated by Renminbi.
I don't think the Republican leadership has thought through the implications to the US with their deal with the devil.
They wouldn't go bankrupt. They will be saved and protected by government bailouts and tariffs, and the situation will become similar to say Russia car industry. Though, naturally, the situation with Russian cars has become so bad that even they are forced to massively open market to Chinese cars (and even "Russian cars" become more and more just simple rebadge of Chinese cars).
In short - if you don't compete by increasing productivity, efficiency, quality, you will be overtaken by the ones who do. The government actions may prolong your complacency time, yet ultimately such prolongation is just the time you actually lose falling more and more behind.
The whole world by now, 20 years after Tesla roadster, should have been driving American EVs, yet instead we have classic paradigm shift there US is Sun Microsystems and EVs/solar/wind/batteries is Linux/x86.
The pressures of a democratic society will force Western governments to extract money from their productive sectors and redirect them to their comparatively unproductive auto sectors.
Watching an increasingly aging Europe try to sustain its expensive welfare state while losing its biggest industries and facing a war citizens don't have the heart to prosecute is going to be interesting. Already French retirees make more than the average working man there.
They won't fight. They won't work. They won't provide children. To retirees, replacing local industry with Chinese manufacturing is a no-brainer: everything gets cheaper. With the resulting loss of well-paying jobs, healthcare for the elderly and wait staff will get even cheaper. A bonanza for a generation soon to disappear leaving the bits to be picked up by their most ardent fans.
if it uses its base in Greenland to annex it, the US military will be promptly evicted from every base in the world
at which point it returns to being a regional power