They signed trade deals under tariffs threat. It would seem sensible for other countries to want to now renegotiate the deals for more favorable terms. So of course Trump feels vulnerable and weak and must rattle his saber and make threats in hopes no one takes advantage of him.
Most of the U.S. tariffs were ruled illegal, so they have to be removed. That alone already makes trade terms more favorable for other countries. If anything, the U.S. should pursue reciprocal tariff reductions from them. Renegotiation may well be in order. However, other countries might be less inclined to reopen talks now that they’re already benefiting from the ruling. Much depends on what other concessions were built into those agreements. It seems reckless to treat this as a blanket “don’t change anything” situation when a major portion of the tariff structure has been invalidated. A structural shift like that logically calls for reassessment, not automatic status quo. But then, who's doing the homework lol. SMDH, what a mess.
Small and medium businesses already went through the "shock" of tariff tantrums. If they survived, they are about to face another "shock." (not as devasting, but still a mess; chaos is a killer) Big businesses, some of whom were able to withstand the chaos even as costs went up, managed to take advantage of it as smaller ones "died" off due to the shock. They also have room to maneuver, such as pausing hiring or cutting part of their labor force to maintain stock prices. Not all could absorb the shock, though, so some did suffer as well. But at the end of the day, consumers lose, small and medium businesses lose, and employees lose. Big business likely won.