A column in today's Financial Post makes many of the same points that Reguly is presenting.

http://business.financialpost.com/news/economy/trumps-budget-is-how-the-u-s-hands-over-leadership-of-21st-century-technology-to-asia-it-is-superpower-suicide

The FP column (borrowed from the Independent) indicates that Trump is proposing to gut healthcare, medical research, energy research, environmental research and oversight, research into all sorts of new technologies, support for the poor and unemployed (coal miners excepted?) and on and on. Trump is ceding political, technological, educational, and environmental leadership to China. A few short weeks ago no one would have thought this possible.