I was thinking in the sense that America creates surplus value from its workers and because domestically they cannot “absorb” that surplus (e.g. workers do not make enough to buy the goods/services) they need to export it abroad. Somewhat similar with what happened with Intel, where the Biden government gave them billions in subsidies, but there was no market that could buy all the chips they produced (because of the sanctions on China). However now that I kind of thought about it more, that might be an incorrect understanding of what is going on (or an outdated one).

America does flood the world with USD through its trade deficits and their aid programs which makes it function as a sort of global reserve currency that the US benefits off of in seigniorage. And I do think programs like USAID encourage use of USD. However the contradiction from Trump I see is that he doesn’t want deficits with these countries, but also doesn’t want them to get off of USD.