Our economic influence was based around being a stabilizing force and soft power - both of which we have destroyed. The world was willing to forgive us for 2016-2020, but now they know we are not to be trusted - that we will abandon and publicly abuse our allies no matter how close, that our policy changes based on whichever dictator last talked to Trump, and they know that the other two wings of our government are spineless and powerless sycophants who will never put a stop to any of it. They are forming trade relationships and infrastructure without us, and we will never get back our preferred status.
We have given up generational advantages and are not set up to be a dominant power in anything. We are an empire in accelerating decline.