The whole process is about Trump seeking to preserve the primary strategic asset that keeps the US empire afloat- the global hegemony of the USD. The accumulated effect of US trade and fiscal deficits have been reaching the point where they start to undermine the credibility and sustainability of USD hegemony. US economy cannot function for any length of time without Chinese supply chains. Most top US companies depend upon Chinese factories. All this bluff and bluster from Trump shows the end of empire is imminent. Putin has not backed off his invasion of Ukraine. China was not going to be bullied on trade. Trumps bellicose grandstanding is exposed as having little depth or substance and very limited actual effect.

China is gradually building its alternative to the USD/SWIFT hegemony. They do not want it to be too rapid- it is much more like the process of cooking a frog. The USD 'frog' is close to simmer. Since 2015 USD dominance has been in decline and since the Russian invasion it has accelerated.

China now provisions trade payments for N.Korea, Iran and Russia and the IMF does not even know how exactly - because it is via Chinas independent systems. Since the sanctions on Russia the Saudis have joined BRICS and mBridge, the digital trade payments protocol that China developed with Hong Kong, UAE and Thailand...and which BIS last year distanced itself from as it reached operational capacity because it could pose a threat to the USD/SWIFT hegemony. The regaining of Hong Kong has assisted in Chinas reverse engineering of the west banking systems...the systems which in tandem with cannons and British warships originally were used to subjugate Chinese sovereignty during the Opium Wars.

China is expanding its trade payments protocol/s in Asia, Middle East and Africa and via BRICS in a progressive and relentless manner.

The USD and the empire it has supported- the legacy empire of western civilization is waning.

Trumps 'MAGA' meme is a joke in face of the reality that most of his voter base are only aware of on a subconscious level.

The Jewish bankers who have controlled Western powers for centuries do not have the same access and control over Chinas banking.