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Communism seemed to pose a threat to capitalist nations for two main reasons.
First, communist ideology held that communism would eventually take over the whole world and that communist countries should help to make this happen. This made capitalist countries fear that the communist bloc was going to try to keep expanding as far as it could. Second, the Soviet Union had a military arsenal that was very imposing. It could have been a major threat to the US and its allies.
When you combine these, the threat seems clear. You have an enemy whose ideology that says it will try to conquer you and which has the means to do so. That sure sounds like a threat.
Because they couldn't open trade with them and couldn't purchase any companies of those countries.
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