I'm sorry, your analysis is incorrect.
I'm not talking about this fantastic new hate-speech law per se, I'm talking about the broader attitude in Germany where we just expect foreign business to gratefully deal with all of our bullshit, because we really are a bunch of narrow-headed cultural hegemonists.
Imagine if Turkey asked Facebook to enforce Article 301 of the Turkish Penal Code. The reaction in Germany would be widespread ridicule, probably by some of the same people that demand this new law enforced because it's German law.