No, it looks ghastly. Have you seen it anywhere? In any case, there is a trend toward using fewer periods with abbreviations.
A quick look at the first page of a Google search for "the US" shows that the New York Times uses "U.S." whereas the Washington Post, and the Sydney Morning Herald use "US". The US government has it both ways with the following entry:
"USA.gov: The U.S. Government's Official Web Portal
Official web portal of the US government. Contains comprehensive information on ..."
I would never end a sentence with two periods.
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