The US has crashed its own stock market, tanked its own government's approval ratings, and had its own business leaders speak out against the government. This definitely does not increase leverage.
look at global trends. no one thinks anyone can make money without the world's leading per capita consumer spender fully on-board. That is leverage.
Every government that has to do something undesirable to their citizens have been given something to blame: a beautiful excuse that will be milked relentlessly to the disadvantage of the US.
Businesses get screwed by flaky management - and now we get to see the US get screwed by its unreliable self-centered Prez.
If anything, it showed the leverage the US has.
Even countries like Singapore, hit with a 10% tariff (marginal, and far lower than most countries) absolutely panicked.
Interestingly, I looked up the size of consumer markets - the US is twice the size of the next biggest market, the EU.
So I don’t blame countries for panicking.
And if you’re really conspiratorial, one could question whether the push for free trade was really an attempt to put the US into a situation where it had leverage against most of the globe.