If its economically relevant us will use its iron fist to have its laws adopted the world over, like most things such as copyright or drugs

They could but that would pretty much mean giving up the tech supremacy to China since they won't apply it. China already doesn't care much about copyright so that's not going to stop them.

I suspect it wouldn't be too hard to convince the EU though, the EU has an history of giving up rights and markets to big copyright holders even if that hurts the local companies.