Give it a few years. The US ceding its dominance by trying to re-follow its 1970s/80s playbook (now with less Volcker!) in a 2024+ world will go down as one of the biggest geopolitical own-goals of all time.
At least this I understand. Foreign powers, especially you-know-which-one have a strong interest in preventing EU from becoming too strong, and unfortunately this is easy to do because:
* it plays on primal human tribal instincts (they want to assimilate us, they will force or enable more immigration, etc)
* the way EU works, you only need to convince some of the countries
I'm not an economist, I don't understand how this works.