It's also quite optimistic to think that the industry will self-regulate, as the recent history of Boeing 737 MAX shows...
There is no “good” answer. Each has its pros and cons.
So now Europe is a continent full of people using American made software, running on American and Chinese made hardware, going on American social media to talk about how Europe is totally fine because they only work 9 months out of the year and don't allow young people to become billionaires.