Would, or could, the nations of the world join forces and punish the US economically?

I don’t know anything about the world market or economy, so maybe it’s a nonsense question. But it seems to me that the other nations could join forces and punish the US, and start demanding better behavior with respect to the world market. What does your crystal ball tell you: would that even be theoretically possible? Do you think it would ever happen? Would it be too costly for all of them, despite sharing the burden? What would be the short- and long-term effects? (No, it’s not a homework assignment. I just keep wondering why it hasn’t happened already.)