‘America First’ means everyone last, including Europe. European capitalism is already in an impasse. US retrenchment, increased defence spending, and a potential tariff war will only further this decline. Events are laying the groundwork for the future European revolution.

One week after Trump announced a colossal government-backed AI investment plan, an obscure Chinese startup has lobbed a grenade into the US tech sector. With the stock markets in turmoil, the president’s protectionist plans are off to a rocky start.

This month, TikTok was briefly banned in the US, in a sabre-rattling move against China. But this backfired spectacularly, with millions of American users flooding onto RedNote, where they discussed class issues and communism with Chinese youth.