Historically the US would go to war or even coup countries to force them to trade with the US, it has spent a very long time building up its dollar hegemony. If it suddenly switches to cutting off trade with its largest trading partners, that will basically disappear overnight. It is already disappearing gradually because of US’s obsessive use of sanctions has created a whole bloc of countries that have no choice but to figure out how to bypass the US dollar. I wouldn’t even consider the US threatening to cut trade ties all its largest trading partners as “bullying,” it really reflects how much weaker the US has become, because in the past it would just use force to enforce its hegemony over global trade, now it seems too weak to it is just threatening to throw a temper tantrum and threatening to pull out of the global market instead, despite this being something that will ultimately cause whatever is left of US hegemony to collapse overnight. I would bet a lot of money the US would not actually do this, Trump is just bluffing, because I’m sure he’s surrounded by people who actually do care about maintaining US control.