Yes, but the funny end result of this is that bilateral trade deals will likely include similar or even more draconian restrictions w/r/t corporate sovereignty and IP laws as the policies being put forth are US-standard.
And since Trump's government is backtracking to protectionism, manufacturing jobs will less likely be delegated to countries like Vietnam, and countries like Japan doesn't have its back from US to confront China(Abe must be scratching his head right now, lol), I think it is much less appealing for those countries to hand over domestic control over regulations in exchange for something lesser.