...despite much disenchantment the markets may have on the US dollar and US debt securities, no one would take this remark seriously (at least not now)
...but what this reflects is the EU is pivoting itself away from the US and seeking to exert itself as an independent power.
...what Trump 2.0 has done is
1. Bringing China closer to Russia
2. Strengthening intra-block economic cooperation within EU bloc and ASEAN bloc
3. Reinforcing urgency of economic cooperation between EU and China as well as the ROTW (rest of the world)
4. Pivoting away from US may not exactly mean isolationalism (as Bessent declares that it is not what America wants) but means unreliable dependency forcing a change of behaviour towards the US.
..EU and China knows that by stepping away from being a dominant "trusted" power, US global hegemonic power/empire is ending in due time and with that its influence over others would gradually wane.
