We got a little peek into this when the GDPR was rolled out and many small and medium companies simply blocked GDPR countries rather than risk the massive fines spelled out in the GDPR. This has lessened somewhat as it has become more clear that those massive fines aren’t being handed out and the language has been clarified, but I sat through multiple meetings where companies were debating if they should block GDPR countries until the dust settled even though they believed themselves to be compliant. They didn’t want to risk someone making a mistake somewhere and costing the company a percentage of global revenues.
Talking about massive fines that destroy big companies and crush their executives is really popular in internet comment sections but it would be extremely unpopular if people woke up one day and found Google was blocked in their country for fear of violating some law with extreme damages.