It would be one thing if the current administration would have been...you know, even *somewhat* competent. However, when they have in two years managed to do so much harm to American voter even in red states, something might just happen in midterms.
If they had just done all the things with a bit slower pace, things might be much different. You know, just push the tariffs in in a bit more phased rollout instead of tariffing some penguins. Actually planning the action in Iran properly. Being a little less drastic with DOGE and ICE. Boiling frog metaphor and all that.
For the rest of the world...well, win some, lose some. I find it rather ironic that the Mr. Trump, a staunch supporter of big oil/coal, may have pushed the world to get rid of fossil fuels much faster than previously anticipated. Everyone and their dog seems to be getting an EV, and even used EVs have started *gaining* in value despite decade old battery tech. Would be rather delicious irony that by sheer incompetence a staunch anti-environmentalist would cause the world to make a huge paradigm shift. Same as what happened in the 70's oil crisis and the adaptation of all kinds of fuel saving engine designs. This combined with Ukraine bombing the shit out of Russian oil sources and refineries might seal the deal.