> It feels like there's a real opportunity here for European companies to step up and make a big play, but will they?
I think that this will depend a lot on expectations about politics in the USA in the medium/long term. Making this kind of investments makes sense if you expect the aggressive hostility that the current administration brought against Europe (and all other US traditional allies) to continue for a long time, and not just a couple years.
I think that this will depend a lot on expectations about politics in the USA in the medium/long term. Making this kind of investments makes sense if you expect the aggressive hostility that the current administration brought against Europe (and all other US traditional allies) to continue for a long time, and not just a couple years.