Summary
The Munich Security Conference report warns that Trump’s proposed territorial acquisitions, including Greenland, Panama, and Canada, have damaged the U.S.'s global standing, making it seen as a risk rather than a stabilizing force.
The report highlights the decline of U.S.-led global leadership amid a shift toward a multipolar world, with China and Russia expanding influence.
European leaders will press U.S. officials on NATO commitments and Ukraine support.
Survey data shows U.S. risks are now perceived as greater than Russia’s in many G7 nations.
China is a possibility because (AFAIK) they don’t have any territorial ambitions in Europe, but Russia is definitely off the table. I don’t think any significant number of Europeans would be OK allying with Russia. In fact, I think it’s more likely that if a war breaks out that Russia and the USA will be on the same side.