Export restrictions on US models seem like a boon for French Mistral, not a problem.
Even if for now France is strong-armed into applying the same restrictions, they will be in a much better position than US companies if US-Europe relations deteriorate. Something that's not entirely unlikely under Trump. We are a week into his presidency and France is already talking about deploying troops to Greenland
In the case of Mistral, the restrictions on exporting the model would not apply, since the model is produced in France. What's more, Mistral won't be much help in producing deadly gases or uranium enrichment facilities. It is therefore not subject to this legislation for these two reasons.
On the other hand, ICs could be subject to restrictions, and France has no alternative for sourcing large-capacity ICs.
The USA could use dollar-denominated transactions to broaden the scope of the text. It's not insurmountable, but it will complicate matters.
Actually, Mistral by virtue of not aligning/safety lobotomizing their models will indeed trivially "help in producing deadly gases or uranium enrichment facilities!"
Even if for now France is strong-armed into applying the same restrictions, they will be in a much better position than US companies if US-Europe relations deteriorate. Something that's not entirely unlikely under Trump. We are a week into his presidency and France is already talking about deploying troops to Greenland