There was this "end of history" idea where Europe, elites or not, believed that democracy would follow globalization and free trade. This turned out to be very naive but still common belief. Now Europe will have to fend for it self. In the long run I think this will benefit both US and Europe, but short term it will hurt both. Also I don´t think Europe will pivot away from US, we still understand that at least half of US shares our values, but US can´t be trusted to stand up for these values anymore. Same as Hungary, Turkey. I personally see it as a good opportunity to get some action going in Europe, as I discuss here in the context of building digital infrastructure: https://lnkd.in/dRNSYPWC