The US has been losing its global grip. Especially since the genocide in Gaza the entire global south has fled to align with China.
In the past the US had power to sanction countries such as Afghanistan to their doom. Now those countries have the option to align with China and Russia. The era of western dominance is not growing. It is weakening.
By providing big subsidies to green energy developement. Something the EU could also have done but refused to. And so they lost their entire lead.