Obviously some things moved, mostly because of regulatory requirements. But this was overall kept to a minimum and London is as strong as ever as financial centre, stronger even [1] [2].

Similarly, my guess is that in 4 years Europe will still be a distant 3rd and not much will have changed, not least because whatever is happening now in the US has much less long term impact than Brexit (everything can change in 4 years) and I don't see Europe suddenly changing drastically.

[1] https://en.wikipedia.org/wiki/Global_Financial_Centres_Index

[2] https://dealroom.co/guides/europe

A bit of topic:

I think you underestimate the damage the US takes as a brand.

People used to view the USA as cultural paragon and tried to emulate their behavior.

As far as I can tell that is gone.

I think Trump is the kick in the pants Europe needed to get out of their postwar stagnation. We are no longer in the WWII era.

> not least because whatever is happening now in the US has much less long term impact than Brexit (everything can change in 4 years)

I mean... that really depends on if it _does_ change, though. Certainly if maintained these tariffs are potentially more disruptive than Brexit; they would tend to reshape global trade. If they actually last 4 years then that feels like it's probably going to be bigger than Brexit, at least as a pure _economic_ impact (obviously Brexit also had _extensive_ non-economic impact).

I understand that the default is to assume "sanity will probably return", but bear in mind that it is _Trump_.