I feel that saying "they just want to sell me stuff" undersells what Western data markets do with our data. It can and is used in ways beyond just advertising.
I also don’t know that I agree with your idea that manipulation is a greater risk from foreign actors. You're right to point out that it can be a problem from either, but local actors have a particularly direct incentive to shape the opinions and behavior of the population whose views affect their own power and interests. I would not argue that means foreign actors are harmless, I just don't agree they are necessarily worse either.