The approach developed in the first part of this work, partly based on large deviations, led to the non-existence of interacting scalar fields as strong limits of regularized fields in finite volume and dimensions $d\geq 4$. This second part deals with the weak limit problem, for the particular case of $\varphi^{4}$, according to the 3 cases identified in Part I. In two of theses cases, it is shown that the weak limit is trivial in the sense that the limiting field is identically null. Partial results are obtained for the third case. These results are not incompatible with the already known triviality results that led to a Gaussian free field. As a by product of this study, a rigorous formulation of the principle of the least action for quantum scalar fields is established, together with a set of dynamic field equations that provide explicit expressions of the Schwinger functions.