Seems like that is the default course of action when one country is doing a “bad” thing that the US or Europe doesn’t like.
I’ll admit that I don’t really know how that works, or how it’s enforced, or whatever. But could the EU and/or Canada or even China impose sanctions on the US now since the US is doing, um, very bad things?
But that’s exactly the point. Losing those companies large portions of their customer base will have them quickly lobbying in your favor.