Whatever your feelings on the current US administration, no reasonable person could deny that it's having significant effects worldwide.
The economic priorities of the US will have significant effects worldwide even if you put a watermelon in the president's office. It has been having significant effects worldwide for the last 100 years. Politics has not changed this one bit.
Some "significant effects" are a lot bigger and more broadly negative than others. You know this.
Because of the ways the benefactors want us to think it X
It really doesn't matter as much as the hysteria around it. Maybe the hysteria is 0.0001% accurate and that's generous. This is true for any political tribe, politics and political messaging in general.