Trump's America First agenda pushes allies to diversify away from US leadership

President Donald Trump's America First agenda is prompting allies and investors to reduce their economic dependence on the United States and its supply chains. Efforts to build domestic technology, defense, and manufacturing capacity are driving up costs for key goods and reshaping capital flows as global power becomes more diffuse. While US markets and growth remain strong, rising debt and borrowing needs are fueling concerns over the country's long-term financial position and its central role in the world economy.