The biggest thievery in the past 50 years is China's theft of US and European tech. Trade with China should have been cut two decades ago.
Modi is already hedging his bets: the huge Indian presence in the US gives the US a lot of leverage.
If the US, Europe, Australia and Japan cooperated and developed their own resources in North America and Australia properly, there's little they need from the rest of the world. What's critical is that the US under Trump rid itself of its parasitic ruling and business classes and that Europe does the same.
Our colonial empire is falling apart. You really need to open your eyes.