Listening to the "Unhedged" podcast from the Financial Times, talking about how the whole financial system's basis—the US dollar and US treasuries—is now in doubt.
And the British host, who is talking to European investors, it's much more pessimistic that this can be undone than the US host.
My guess is that the British host is right and this is irreversible, and it's just less obvious from the US how damaging Trump has been.
Because it's not just trying to blow up the whole world trade system, it's _also_ dropped military guarantees, made clear the US can't be trusted as a weapons manufacturer, the fact the US actively trying to annex Greenland, the threats against Canada and Panama... This isn't _just_ incompetence, it's also malice, and on multiple fronts.
Which means the US empire as we know it is over. The US-centered financial system may persist as is for a while, but every other country will be thinking about how to diversity trade, diversify away from US treasuries, replace SWIFT, etc.. Much like they're all thinking about their own nuclear weapons program.