Trump seems to be more focused on making America lose in the long run than Bush was, severing its alliances and ties to the rest of the world. I truly hope his actions serve as an incentive to make the rest of the world work together more closely to bring about some economic balance.
I also hope it makes the European Union grow a spine and realise that it is served better in the long run by making alliances with the big neighbour it actually shares a continent with instead of being the lapdog of the bully across the pond, as its been conditioned to be for so long. Morally, it makes no difference at all.