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   There's a lot of negativity surrounding European industry. What's happening,   
   however, is a massive revival of Europe's heavy industry base, thanks to both   
   the war in Ukraine and the new direction the US has taken.   
      
   Trump's betrayal has shaken up European industry. Of course, the auto industry   
   is struggling. We can't hide that fact. But automakers are now also looking at   
   defense. Instead of consumer cars, they're now producing combat vehicles, or   
   supplying the basic vehicle elements for missile systems and other weapons   
   systems.   
      
   Europe started late, but the production of weapons systems has now gained full   
   steam, and precisely because Russia is making things so difficult for Ukraine   
   with its energy supply, weapons production is now shifting to the gasping   
   European industry. It's perfectly timely.   
      
   France and Germany are doing very well, and Italy is also much more lenient   
   with Ukraine, because orders are pouring in, and those orders are saving their   
   industry just when it seemed everything would be destroyed by Chinese dumping   
   of consumer products.   
      
      
    .   
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