"The extraterritorial nature of these two frameworks..." I've noticed that this is something the EU has tried to do lately, to just sort of push their regulations on the rest of the world. I don't see what sort of authority they'd have to impose this on citizens of other countries. I wonder if Europe pushes the issue, if this will be treated like libel tourism, where US citizens and companies without a Eurpoean nexus…
It's quite simple. If you want to do business in the EU or with people who reside in the EU, you need to comply with the EU's regulations. Don't like it? Don't do business in/with the EU. Then you're free to ignore their frameworks, rules and regulations. They are not trying to "impose their regulations on the rest of the world", they're trying to protect the privacy of their inhabitants. That this leads to measures…
But it's very different to expect people who live outside the EU to respect EU laws, just because someone from the EU happens to choose to visit their website. I don't see this as any different than if someone in the EU was to visit a convenience store in the US - should the convenience store owner be bound by EU regulations in that case?