The US has the pull to make foreing companies not sell their products to countries sanctioned by the US.
TSMC can't sell a lot of products to China, neither ASML.
You can't fly to Cuba directly from the US, neither can import their Cigars.
Venezuela, Iran and Russia along other's can't access their international reserves deposited in American Banks.
It is just a different scale and for completely different reasons. If anything, other countries are learning to play by the same playbook for their particular reasons.
TSMC can't sell a lot of products to China, neither ASML.
You can't fly to Cuba directly from the US, neither can import their Cigars.
Venezuela, Iran and Russia along other's can't access their international reserves deposited in American Banks.
It is just a different scale and for completely different reasons. If anything, other countries are learning to play by the same playbook for their particular reasons.