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Quite correct.
There are places in the copyright world that PG US still won't tread in. For example:
What is the US copyright status of a UK author who first published his/her work in the US, and the US copyright was not renewed? There is no case law for such a situation, so PG won't treat such works as public domain. If they had been published under the same terms by an American author, they would be.
Example: many of the Eric Frank Russell short stories.
You have a similar problem the other way, too. An American author published a work in the UK in 1930, and later in the US. The author died in 1940. Is it P.D. in the UK while still being under US copyright?
It's a jungle out there, and they've outlawed machetes...
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