For years we have been more and more despondent about the potential of European manufacturing. Fundamentally, the region has higher energy costs than the US, less money to throw into manufacturing support initiatives such as President Biden’s Inflation Reduction Act (IRA), more regulations, and less willingness to engage in a tariff war with China – all that even before the 2022 energy crisis. But now something has changed – all in one sudden rush President Trump has threatened and actually imposed tariffs on the EU (importantly, at the same time as many other countries), has given President Zelensky a dressing down while seeking peace with Russia, has abandoned the energy transition, and has stated a desire to acquire Greenland, which…