Sure, but the EU is not an insignificant market and to be honest, this could have a similar effect to anti trust laws. Have European companies build up competition against the US behemoths.
China is an unfree hell hole that I don't want to live in (social score) but you can't argue that from the position of developing a domestic industry their selective blocking/worsening of services allowed the ecosystem to grow intstead of sharecropping on Google's "platform"