re: Is everyone about to lose their shirt in this economic fallout?

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It's one thing to say that the world economy is "heavily influenced by the USD". It's quite another to posit that every other country on earth is going to have their domestic stock markets essentially mirror ours, not simply as a matter of correlation to common factors, but as a matter of causation in which the actions of our domestic politicians are the primary deterministic factor of their market movements.

That would be quite the assertion.

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Yet here we are, your own question about indexes underscores this.

This is what it means when your currency is (by a WIDE margin) the premiere reserve currency for the world markets and your economy is the primary driver of the world economy. The only country that comes close to our GDP is China and that's only because we've outsourced so much of our manufacturing to them.