They have to put on a brave face, of course, but I’m not sure US intelligence is so easy to replace. The Europeans have let their systems atrophy by simply using the US offerings, especially in realtime targeting data and signals intelligence. The US has in the past encouraged this dependence, e.g. by strong-arming Europe not to develop a military grade GPS alternative.

Pokemon battle, 3v3

Alternative take: Li Ka Shing took advantage of the Trump bullshit to sell off two port operations at the top of the market, right before a global recession. CK Hutchinson’s share price went up by a fifth when this deal got announced; Blackrock is down.