What's needed is not 'no trade', but 'controlled trade'. Lower-end comsumer products can still be made in developing contries, but the developed countries must use protectionism measures to maintain its lead in manufacturing of higher end products -- cars, trains, planes, chips, etc.
Moreover, the US and Europe must realize the fact that the world is place of brutal, cut-throat competition, not coorperations simply because it does not have enough resouces to make everybody rich. In order for you to stay ahead, you must do whatever you can to keep others back. If you share your technologies, resources, capital with all the rest of world, you enrich them but impoverish yourself. It's as simple as that
Moreover, the US and Europe must realize the fact that the world is place of brutal, cut-throat competition, not coorperations simply because it does not have enough resouces to make everybody rich. In order for you to stay ahead, you must do whatever you can to keep others back. If you share your technologies, resources, capital with all the rest of world, you enrich them but impoverish yourself. It's as simple as that