Right, hypothetically if I were to physically enter the EU I could expect trouble, and that's the EU's right. But in the meanwhile, if EU citizens wanted to do business with me, that's not my problem.
I basically agree with your assessment.
I basically agree with your assessment.
It doesn't. But once you enter Europe expect to be in trouble (if there is anything going on against you). Also forget to do business in Europe (with EU citizens).
So if you don't care about these, then you don't have to care about this law.