Of course, all else may not be equal – other shocks and adjustments might be occurring in the other direction in other countries. An obvious possibility is economic policy: it may be open to policy makers in those other countries to respond to weaker US demand by running more expansionary policies at home.
Whether it is or not would depend on their overall macroeconomic situation and their policy regime. The second dimension is the extent of commonality in the originating event that triggers the whole adjustment to begin with.