The only thing about this whole situation is that what if a company is based in the US? Does it mean that the company is now ip-blocked from france if they don'

The only thing about this whole situation is that what if a company is based in the US? Does it mean that the company is now ip-blocked from france if they don't conform? Problem with non-international laws is like the US State dissallowing adult content to be served to minors, that becomes a world-wide law not only localized. Hence why the internet needs an international governing body to truly control because it is global, a concept never before seen in history.