So if I run a business from a country where cocaine is legal, I should be able to sell to users in the US? Are you sure you thought this through? Seems you're letting your emotions get in the way of your reasoning.
US customs takes the product at the border, and if you transit the border expect to be arrested. Your customer should expect to be arrested as well.
Maybe you get put on a list so US banks can't send you money anymore too.
Makes perfect sense for me in both cases.
X does have presence in the EU, but it's because they have offices/employees, equipment, and accounts housed there.
The EU may say anyone who deals in the data of their citizens is subject to their jurisdiction, but enforcement on those entities without actual presence will be difficult.
Not particularly difficult.
Like Brasil already did, and for similar reasons, the EU can go after everything Musk owns. Even with Tesla sales dropping, they're not zero. Starlink is currently available.
This is a good example, because the US government routinely passes laws that prevent people from transacting using the dollar system (which is basically the world financial system) and this is OK, but the EU requiring companies that operate in their market to obey different laws is not OK?
I don't really get the logic here, but perhaps I'm missing something.