Is the America First Investment Policy good or bad for the US stock markets? Given that the EU and Canada are actively saying that the US is no longer to be trusted, how is this viewed internationally?

AMERICA FIRST INVESTMENT POLICY

https://www.whitehouse.gov/presidential-actions/2025/02/america-first-investment-policy/

There are just way too many variables anymore for me to have any idea how anything happening will impact us. What are your honest, non-trolling, opinions?