The EFF is complaining that we are lowering what amounts to be the Human Rights, and they are right. However the EFF hasn't succeeded in taming the US standard.
What may be happening here is pressure for an international agreement. We'll only have leverage to make a deal with the US if we (the rest of the world) practice the same disrespectful spy acts against innocent American citizen. Then we can agree on stopping our activities in a bilateral or UN agreement.
Of course what is funny about threats from my country is that we are quite powerless. We don't have the world's Facebook records, neither do we manage the world's largest email. With this kind of law, chances are we won't. I, for one, host my email neither in France nor in US.
For this threat to be leveraged against US, a lot of other countries have to do the same, until there's a major uprising against surveillance methods.
The world has changed. 20 years ago, the right to not be searched when traveling within a country was enough to protect most citizen. Now all citizen cross boarders once a year or use remote Internet websites, which in both cases dismisses their rights as citizen. We need a global protection against unwarranted searches.