Earlier quoted context omitted.
Do you use Windows? Have you ever opened its terminal? Congrats, you're using a terminal that you agreed can phone home with telemtry. See https://www.microsoft.com/en-us/p/windows-terminal/9n0dx20hk... and the link to the privacy policy for windows terminal http://go.microsoft.com/fwlink/?LinkID=521839 I suspect OSX is no different and has similar telemetry and privacy policy for its terminal.
In an (absurd-ish) defense of macOS, I don't believe anyone really uses the built-in Terminal and grabs an alternative (often iTerm2). There's also the rumor that Terminal in macOS has had a handful of developers working on it, at best, over the years. I would bet money that Apple doesn't care enough about it to bother with telemetry and/or privacy policies for it.
Fwiw I never bothered with iTerm, Terminal is good enough for me. It even supports some old school vt100 stuff like double width and height fonts. It's one of the better vt100 compatible ones.