It was more that there is an understanding that the US is allowed to be an empire with benefits kind of trust. The US is the world police that protects those that give them good trade terms and exploits those that don't for their own gain. Countries/people turn a blind eye to the US coup-ing a smaller country provided they are a part of the benefits. The US could have 4% of the population but use 25% of the materials and 33% of the energy provided that structure holds. It is seen as a better standing than the alternative. We call ourselves allies, others call us a part of the racket.
Then Trump started turning on the allies and the whole agreement started to burn.
I have said it for a while, Trump seems to be acting in a degrowth manner. I don't think it is because he is a genius but because he is an idiot.