The problem with your argument is that for the vast majority of the world the US, and American companies, have spied far more on their communications, and manipulated far more do their politics than anything China has done.

So if those are the calculations the US starts forcing countries to make, the most likely impact will be on American companies before anyone touches the Chinese (largely also because it’s American companies that dominate the internet around the world, and not the Chinese, and restricting internet services will be far easier than physical products for most countries).