A lot of “it could”.
Just look at the trailer’s GVWR. If not listed, just add the dry weight and cargo capacity. Use that for your towing weight. Figure 12-15% of that for your tongue weight.
The tow rating is determined by subtracting the vehicle curb weight (delivery weight with full tank) from the GCWR. That is why you should not buy a trailer that is near the full tow rating. Unless you are traveling with an empty truck. IOW, every pound you add to the truck gets taken away from your tow capacity.