The US has long had it, but I think once upon a time it was more justified. We are, much more than 30 years ago, just another country.
One with a huge military (though that too has limits, as we see) and too much control over the international financial system, but no longer the center of everything culturally and economically.
To some extent that's because we "won." American influence is apparent in much of the world. But you don't need McDonald's franchises to have fast food chains.
The US is economically big enough that it matters, but the rest of the world doesn't need us to buy from them or sell to us nearly as much as "we" think they do.
Only about 4% of the world's population.