The US would rather outsource it to the private sector so while the end-result is the same (the government can buy the data off the open market or request it via an NSL) they don't even have to pay for building/maintaining the surveillance systems as the adtech/analytics/marketing industry is happy to do it for them for free.
So yeah, EU's government spying efforts are a major problem but let's not pretend the US is any better in that regard.
> this ruling doesn't even ban targeted advertising, it just requires another popup that most of users will say yes to.
90% of the cookie popups you see out there are in breach of the regulation and only remain because enforcement has been severely lacking. A properly implemented popup, how Apple has done with their App Tracking Transparency (like the one that the GDPR would force Facebook to implement) has an acceptance rate of just 4%.