It's not a mystery. The US and EU have year on year been decreasing emissions for fifteen ish years now (yes, including during trump I, even if you account for the COVID drop).
That's a cool story you can tell your kids before bed but the reality is that when you include imports the US/EU emissions are stagnating or going up. It's easy not to pollute when you import most of your things from abroad.
Those data are moment in time. See one of the child posts for what you're talking about -- and in terms of trade corrected emissions the US and Europe turned the corner even earlier.
The countries most talking about net-zero are indeed reducing their emissions. China is meanwhile trying to catch up to the standard of living of their Western counterparts, driving up emissions massively (while still having great per-capita values, there are just a lot of Chinese that previously lived on basically nothing)