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I think regulation would be the proper course of action, here. I mean neither do we ban American cars in Europe. We just say they have to play by our rules or they can't do business here. So I wouldn't support a ban based on country of origin. But regulation what they can and can not do.
How do you regulate closed-source code to be free from back doors for spying and sabotage, and black-box feed shaping algorithms to not have bias and censorship for mass manipulation?
Don't rely on enemy services in a cold war, no matter how much they seem to follow your regulations.
I think that works like all other regulations. Like for example food, chicken, cars and machinery. You take samples and check them. Or have a court decide to have a look at the paperwork... If anything looks fishy or people get harmed... Investigate. And we have investigators and experts in domains available. It's fairly easy to do. And decisions regularly rely on expert opinion...
And I don't view myself as the enemy in a cold war. I'm opposed to the current administration of the USA. But that's pretty much it. I'm not necessarily in active combat against the economy... Well... I am against privacy invading platforms. But because they invade privacy, and not because they are from a certain country.