State-managed equity funds and political risks

I'm actually a fan of ETF's and government equity funds such as. B. the Swedish pension fund. Now that Germany wants to put an admittedly small part of the pension into a fund, I asked myself what kind of dependency we will have on the USA in the future, since Trump has already shown where the journey could go with his “Big Beautiful Bill”. What actually prevents the USA from, e.g. B. threaten Sweden tomorrow in a hypothetical trade dispute,