You absolutely have a point, I just don't see how this is functionally different from western/US policy, especially from the perspective of e.g. BRIC nations:

We have ample evidence that US intelligence siphons data from literally every meaningful company it can tap, is willing to share that data with partners abroad and uses such things without even public sanction against targets picked by the president (see Venezuela).

Sure, the US is still the devil you know, but if Americans want to claim the moral high ground then at least credible pretending is required, and under the current administration we wont even get that.