The world sees trump as a dangerous wildcard. Someone who is threatening all his allies and trading partners. Denmark and Canada are NATO, as is the US, but now there is a chance that trump will back out of NATO and then NATO would be defending Canada and Denmark. Panama is talking about BRICS and nobody is talking about partnering with trump on any level. Even Netanyahu realizes that trump's ethnic cleansing proposal is too far for them.If you're a liberal this is how you will see it.
Trump literally helping Putin by putting pressure on NATO allies. They're logic is the US should spend Trillions of $$$ to become world police.
What happens to Ukraine without US support is yet to be seen. Already Putin is relying on North Korean troops and is perhaps less likely to try to expand into eastern Europe then he was a couple of years ago.
If there is a new alliance with the US it might be with the far right wing extremists like Hungary and AfD. Putin and trump are both still wildcards.