Long before Trumpism, the greatest stream of legal immigrants to the US were informatics experts from all over the world. Of course, unemployed American industrial workers could not fill these job market gaps. Like Artur Braun , I do not share your wording about the young people; in any case, at the time of this new economy (informatics) wave, they were not even in kindergarten.
I was thinking , people are complaining of "brain drain" !!!!!!!
Economy is powerful by commodities that is how the basic consumption is done by all its citizens !!!!!!
Tech stocks is reasonable and thanks to US of A they made it popular . It is not about race (Asians or otherwise) it is about opportunity . When that stops opening new doors then capitalism will have a backlash else "so far so so good" :)
Political slogans addressed to voters do not always translate into a "free market" and economic realities. Many of the politicians' declarations are populism. What the politician says and what he does are two different things.
I do not think much of Trump' s decision to replace deligent and intelligent Asian technologists by lazy American youths. As you say, this can be a boon for the Asian countries and a great blunder for America in future.
Even so, I think that the relationships between countries should be more based on cooperation than competition. As Isam Omran says " It is best for everyone to respect the possibility and efficiency of others and not to be dragged into the provocative and blind hatred of the other."
The USA is country of foreigners and the current administration will last at most 8 years! The USA will continue to thrive by attracting quality people from across the globe. You can't talk about the future of America based on the actions of one leader!
President Trump is doing steps for achievement of 'Democratic values' in associated political system as 'Law of Nature' implictly states basic rights of lands or any political achievements shall be with original inhabitants.
'Globalisation' via 'Freedoms' for invitation to best brains globally promotes country over global platform & in parallel compress rights of original inhabitants & balance of parameters is vital for achievement of 'Sustainability' with population.
President 'Trump' Diplomatic steps with 'North Korea' not only invested 'Happiness' in future of people of USA but also reinforced 'Prosperous foundation' in Asia Pacific regions.
Political ideology of 'President Trump' shall be acknowledged in future by people of USA
Do you consider the present citizens of America are "original inhabitants" ?
Their ancestors reached there only @ 200 years ago. They went there mainly from some European countries and occupied the country by killing many "original inhabitants" brutally.
I don't believe they are lazy maybe over-pampered because they see foreigners working for them. Maybe now is the time American youths wake up and make a change. Trump is going great in that section though he should do it with caution not to create unemployment within foreigners' circle.
Much of what Trump says is rhetoric. And may be applicable only for unskilled migrants. He seems to have popular support in restricting the number of immigrants; as the original settlers from Europe may see that the non-whites are outnumbering them. We should consider that when we say about free market economy it applies about the unrestricted flow of capital and commodities, not about other facto of production i.e. the labor.
The economies of the vast majority of democratic countries are mainly based on private Company. The private Company obviously has to look first of all at the gain. Therefore Trump or any other president can say what he wants but are the managers of the companies that decide how, who and when to hire highly qualified personnel and they always do it regardless of nationality. If an engineer or any other professional can significantly benefit my company I take it immediately even if Martian, Vulcan or Venusian. The important thing is that it is not moody! :)
I do not know the opinion of other countries, but Russia would only benefit greatly from these Trump decisions. Why? Here is some explanation from https://www.youtube.com/watch?v=-TlqQjmTLH4 ("Academician Arnold about American Education").
"The Americans explained to me that they are consciously fighting for what they are doing, that the people were poorly educated and not interested in science, no culture, not because it contradicts the consumer society, because if people start to take an interest in something other than washing machines and cars that need to be bought every week new, then they are the worst buyers. Well, if they buy, they start buying Van Gogh or some verses, or theorems to prove, which is harmful for consumers. To prevent this, and, moreover, that the population be an obedient herd in the hands of politicians manipulating them, it is need to make not European, but American System of Education, in which nothing is taught. For example, in the state of California there was a serious struggle among the intelligentsia, that universities did not accept all peole despite the federal rules.They demanded that in Mathematics, for example, not to take those who do not know how to divide 111 by 3 without a computer. In federal laws there is nothing like this: there are no divisions, there are no simple fractions. In Washington there was a discussion of where the senators spoke. One senator from the state of Nebraska said: "I care about upholding the interests of my constituents. I will achieve that not only in Nebraska but also in the US in general, no one would dare to teach anyone anything that I do not understand , for example, divide 9111 by 3. This is the US senator. In the world there is such a tendency as the destruction of the old system of education. A few years ago, a representative of a very large American firm "Boeing", which is well known to all, explained to me that the American System of Education is such that they can not hire students from US universities to make new planes or even repair old planes. "Boeing" exists only on the fact that they hire emigrants, mainly from three countries: from Russia, China and India. Therefore, when we read in your newspapers that you are going to bring your education system to American standards, we understand that according to our estimates in Russia in 30 years there will be the same bad education system, and then we are no longer able to hire anyone at all. Then the entire technological system will collapse, because it is based on emigrants, it is based on the fact that the minds of the whole Europe work in the United States".
Thus, I answer the last phrase of the question positively: YES, it would be a large boon for the Asian countries (in particular for Russia) and a great blunder for America in future.