The logic is understandable. Surely, if you just get rid of the abusive American monopolies the home-grown companies will take their rightful places... right?
The logic is understandable. Surely, if you just get rid of the abusive American monopolies the home-grown companies will take their rightful places... right?
The only reason the privacy shield agreement was thrown out was due to lack of safe guards from US intelligence.
Even without the privacy shield, US companies would still be able to store EU data in a country with an adequacy decision if it wasn't for the CLOUD act. This seems more to do with US law wanting access to EU data.
The US does not have to give anything in return to get all the private data from EU they want.
The EU in return gets...nothing.
If you are a politician this is not a great position, you get no money, no jobs and no data.
If they equalize data access, "data sharing" (on an intelligence and on a commerical level) could be a valuable component of future negotiations.
The EU gets the services they use....
However from a political standpoint that's as good as nothing.