It might be tough for the US to accept the higher cost of global resources (and thus become a poorer country) but maybe this gradual decline in dollars status is what the administration hopes is the best case.
Would you agree to sell $10M in oil if you got paid in yuan that you're not sure you can convert into another currency? Where you're not sure the Chinese government won't change it's mind and dramatically change the exchange rate?
People are getting confused.
It’s like saying because I shopped at Walmart last week, Walmart will become the sole supplier of everything I buy.
Even a 10% decline in dollar usage is "moving away". Bit by bit, the rest of the world starts using alternatives. That's how the British pound went down from global reserve to 4% of reserves. It took 70 years for this gradual decline.
Tell me the missing piece.
Care to try again?
In many ways, the US is a spiral descent culture while the UK lost is all and ascended again but to lower levels.