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Considering the response of European leadership to kidnapping of Maduro, I don't think Trump will even need to fight Europe to annex Greenland. They'll give it up voluntarily, maybe throw in Iceland as a bonus to show His Lordship how loyal his vassals are. They are a colonized people.

Chinese workers are not "low paid" relative to prices of goods in China though. A Chinese worker gluing an iPhone together can afford a decent middle class lifestyle, the Chinese version of the "American dream".

What America really needs is massive deflation in the cost of everything, curbing income inequality (which is driving inflation) and moving to renewables (cost of oil/gas also drives inflation).