I think what your comment proves is that many Americans are stuck in the Democrat vs Republican mindset and thinking that kind of explanation actually works in a global context.
Pax Americana is over, US is no longer capable of dictating globalization to the rest of the world, why? Because many countries has caught up.
There's a world of difference between accepting a shift in relationships from 'dictating' to being more equal partners, versus deliberately trashing relationships and doing your best to alienate.
If the US weren't still some kind of world leader, USD would be in the toilet as other countries would have dropped most of their USD holdings. The current regime seems to be doing their best to make that happen, whether for cryptocurrencies, foreign agents, or just simple-minded looting.
I'm an American libertarian. It's not Democrat versus Republican. It's conservative versus neofascist/patrimonialist.
Pax Americana is over, US is no longer capable of dictating globalization to the rest of the world, why? Because many countries has caught up.