🔴 [E29] European industry relocation to US is far-fetched. Decisions take years, require regulatory certainty, involve enormous sunk costs. Capital decisions run on 20-year horizons requiring policy certainty that survives more than one administration. Slow gravitational force at best.

🟢 [E135] Trump thought he could pull off quick regime change like Venezuela. It was a strategic miscalculation with huge implications.