Only if Nintendo goes after something that could be defended as parody. But they know to choose their battles carefully, they only threaten legal action when they know they can win, and this won't change those kinds of cases.
The big thing about FF7 was that it came out during a critical transition period for the industry, and Squaresoft put the highest budget of any video game to date into making sure FF's jump to 3D graphics was as explosive as possible. The game was heavily marketed on its technical merits, boasting about how everything this game does could only be possible on PS1. It's full of setpiece moments that are literally just Squaresoft trying to show off their VFX budget (this is why summon cutscenes are so absurdly long). And it blew audiences away because no one had never seen anything like it before. FF7 was a revolution.
Trails certainly has good reason to be beloved by its niche fanbase, but by 2004, it really wasn't doing anything super unique compared to its contemporaries from the same time period. It's a polished game, but I can't describe it as anything more than an evolution.
This comparison really feels strained. FF7 was the PS1's biggest game, and by far. It was a revolution that shook the entire industry.
Trails is a cult classic that's beloved by a niche fanbase, and I'm happy to see this kind of game get a shot at wider recognition here, but its impact was in no way even remotely comparable to FF7.
Trump certainly isn't helping, but it's a number of factors put together. Moore's Law is slowing, and one effect of that is that manufacturing existing tech isn't getting cheaper either.
If two objects have the same size and shape, the force applied by air resistance will be the same. However, if two objects have different mass, that same force will result in different acceleration.
When accounting for air resistance, heavy objects do fall faster than light ones. They couldn't test in a vacuum back then, they only knew how things work here in Earth's atmosphere.
Only if Nintendo goes after something that could be defended as parody. But they know to choose their battles carefully, they only threaten legal action when they know they can win, and this won't change those kinds of cases.