Escalating tensions over Greenland are supercharging a dynamic that was already under way: a shift in the world economic order that had put the U.S. at the center of the global economy. For investors the world over, America has long been a beacon of safety when uncertainty reigns, a nation whose deep and liquid financial markets are the premier destination for capital and home of a currency that is the lingua franca of international transactions. That is changing. Trump’s combative economic and foreign policies are compelling countries to invest elsewhere, spend more on defense, make new trade alliances, and rethink…

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