Of course. How many countries is the U.S. currently sanctioning, for one reason or another? The Canadian mounties arrested Meng Wanzhou - the daughter of Huawei's CEO - on behalf of the U.S. government, which claims that she violated existing sanctions in doing business with Iran.
Given the arrogance of the U.S. government, officials could probably sanction Switzerland for selling cheese that's full of holes.
The ramifications of such sanctions is another story. There is a limit to how many sanctions even the U.S. can impose. In addition, many countries are fed up with U.S. intimidations, of which sanctions are but a part. Finally, remember that China is capable of retaliating - in more ways than one.
Most countries are afraid to defy the U.S. When countries like China and Iran defy the U.S. and get away with it, it can encourage other countries to do likewise.
Again, the U.S. can do a lot of things. It seems like Donald Trump, in particular, does whatever he wants. However, it looks like the price tag might be more than he bargained for.