The Trump Administration is saying “my way or the highway”. The Europeans are certainly big enough to set off on the highway by themselves.
The problem with this reset isn’t that the orchestrators of this pending reform desire a new system of value beyond the “monetarist/anything goes” standards of free markets which have dominated our world under decades of globalization.
Something profound – and separate from ‘tech de-coupling’ – is already shaping the global monetary order (quite apart from likely Chinese exclusion).
For the Australian government, the discrepancy between profit and heritage is a primary factor influencing legislation that favours mining companies.