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Yes, that's how it works. The order is:Yep agreed. You would assign Black Widow to attack, she does her 2 damage, or opponent spins down. Opponent declares blockers, any when blocking effects trigger. You can use distraction to pull Black Widow back. Damage is dealt to attackers and blockers that are still engaged after global step.
So they could assign a defender before you could suck her out of combat (and potentially trigger defender abilities), but you can definitely do it before damage is dealt.