Oh wait, it was the British+Europeans who allowed the U.S.Dollar to become the dominant exchang currency of the world in the first place, thus enabling USA to do whatever it pleases...
Here's the interesting tale of how the world economy came to shaped after the World Wars, due to a cunning American and some last-minute forgery.
The Bretton Woods conspiracy: https://www.damninteresting.com/foreign-exchanges/
The position of Europe vs USA is analogous to Greek States vs Roman Republic. Good art and lifestyle but nothing in terms of military and economic power.
When Roman Republic got more authoritarian (transforming to Roman Empire) - Greek states had lost the remnants of its independence.
Being a satellite state works that way.
The issue is that in terms of military and economic power EU used to be much stronger 20 years ago and that strength have been deliberately wasted by current generation of politicians still in power.
Political class in Europe made multiple wrong choices in the last years despite warnings.
... I mean, the context is the Anti-Coercion Instrument. That is essentially economic power weaponised; in the context of EU vs US it's a mutually assured destruction option.
(Creating an economic doomsday machine is a _very_ EU solution.)