USAs only significant advantage over Europe is that it still retains control over global protocols and institutions. Even if SWIFT is officially headquartered in Brussels it is controlled by the US. This is a legacy which is fast fading. More and more trade is conducted via channels that US dominated institutions like SWIFT and the IMF have no data for...and no control over. China is reverse engineering the global banking/payments system via Hong Kong. China is building its new empire- one of physical infrastructure and institutional structures while US exceptionalists do not seem to see what has changed since 1989. USA manufacturing cannot compete with China. Chinas development bank already funds far higher net value projects globally than the World Bank. China builds half the worlds shipping. USA less than one percent. China has won the trade war and is building the infrastructure of the post industrial economy as the USA hides behind sanctions, tariffs and Trumpian bluffs and bluster - because its productive economy cannot compete with China. The brilliance of the Chinese approach is that the west cannot even see it is slowly losing its centuries old hegemony. Europe will fall to Chinese control and then USA will be alone in its delusions.