At last some sensible analysis recognising there is ultimately no free lunch in economics.

The USD has had value because it has been seen as the most reliable SoV and MoE.

This was originally based on the strength of its economy and its dominance of the institutions and protocols that make up the global monetary/banking system.

Now however that China has won the trade war and developed its CBDC and the protocol to enable cross border payments with other nations via digital transfers using the protocol mBridge the USDs hegemony is facing an existential crisis.

Trump recognises this and is responding to shore up and hold onto USD hegemony for as long as possible- threatening BRICS members that if they dare to implement mBridge he will hit them hard with sanctions.

At the same time Trumps tariffs will somewhat reduce the US chronic trade deficit and improve government revenue which should logically improve the ability tio service what has become a significant debt burden.

However the increasing realisation of the decline of US hegemony and the viability of Chinas already operational alternatives means Trumps moves to address the problem may actually hasten the abandoning of USTs and USD hegemony.

China won the trade war and so also builds the tertiary layer payments infrastructure which is recognises its dominant trading position.