Earlier quoted context omitted.
That doesn't really work as long as you have legislation like the CLOUD Act, which means EU-based businesses have to think twice about using any US providers, especially if they handle sensitive customer data and also since the DPF is on the way out.
Only because the US refuses to properly protect consumer privacy and seemingly can no longer be trusted at all. If Trump forces Microsoft to turn off Office 365 for example for the EU, or blocks AWS, GCP or Azure from doing business with the EU then European businesses are screwed. We’ve now realized these risks are potentially real and European countries are scrambling to look for alternatives (and realizing that th…
I expect the EU commission will take a _very_ long time to actually act on this tho. Maybe we'll see Schrems III first.