Bloomberg: “Advocates of Trump’s ‘America First’ foreign policy say he’s asserting US leadership while rebalancing relations that harmed American interests. Europe should pay more for defense, trade ties were unfair, and Trump’s simply negotiating hard before striking good deals, they argue.”“Around the world, though, countries that counted on the US to take the lead are rethinking that strategy, concluding that dependence on Washington, whether for aid, trade or anything else, has made them vulnerable.”“In the long term, that will likely come at a cost to the US even as Trump celebrates his current victories.”