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That he even knows about this dedollarisation narrative is concerning to me. I wouldn't dismiss it so easily and all that needs to happen is someone even slightly smarter next to him suggests sanctions instead of "tariffs" and shit starts getting quite serious imo.
Russia showed that being sanctioned by amerika is ultimately a good thing in the long term. Its not like China isn't just waiting with open arms to trade with all these countries.
In my opinion, if the biggest risk is the USA sanctioning a bunch of countries, then that's a great situation for the world. Both tarrifs and sanctions would sink the US economy even further while creating the conditions for accelerated global cooperation. If these are the two choices, the empire is finished.