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That makes some sense to me, if you are a U.S. company you should have to comply with US law regardless of where you store the data.

Whether or not this particular warrant is valid is another matter.

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Perhaps, but not very good news for US companies either way. The trust will be even smaller in them now, and they won't be able to tell non-Americans that their data is safe with them, unless their enable end-to-end encryption in most, if not all, of their services, and they provide ways to check that they aren't going around that encryption in some nefarious way (backdoors, etc).

If you're a US company doing business in a another country, you have to comply with the laws of that country, and part of that is confidentiality. If the NSA, FBI, whoever can secret warrant any data overseas on companies that operate outside their jurisdiction if the data say, was simply in a file cabinet in that country, it will be rife with abuse.

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