Generally agree, but two thinks strike me:

1. Suez Canal: UK, France, and Israel attacked Egypt for control of that. This stopped very quickly once the USA threatened to turn off the money, and by some measures marks the point where the British Empire became obviously a paper tiger.

https://en.wikipedia.org/wiki/Suez_Crisis

2. Iraq/Afghanistan and Americans pretending to be Canadian: yes, I remember this too, but this time Europe and Canada are worried about taking the role of "target", so it hits harder.

The USA can only be trusted by its allies* once again *when we are confident the USA won't turn against us, your allies*.

* NATO and EU definitely; and I assume similar feelings in Japan, Philippines, Australia, South Korea etc.