Re: That seems like a dangerous stance
"this sounds like it would hurt the US more than anybody else"
'Zackly. And to put the old tin lid on it, it might be quite some time before Lord Dampnut's cabal realised the impact that would have. The days of American hegemony are slipping away, and just like the way empires throughout history have disintegrated, the people in charge will be the last to know; and they'll find it out the hard way.
It's probably far too late for America to recover its dominance, anyway. Lord Dampnut's just presiding (for very small values of 'presiding') over a great power in its death throes. Some time in the next few decades, future historians will point to a date between December 1972 and November 1989 as the end of the American empire.
It was the same on this side of the pond. It's a popular belief that the British Empire ended on 15th August 1947 with Indian independence, but the first nail was hammered into the imperial coffin on 21st January 1906, with the election of the last Liberal government. By the time India gained independence forty years later, the British Empire was rotten to the core.
Britain had its day of glory. So did the United States - and to an extent it still does - but the sun's sinking towards the horizon. I might not live to see it finally set, but my kids probably will.