I have no more trust in the American government to not spy on its citizens than the Chinese government. If iCloud data is encrypted and only the user has the private key. It's just as secure as being on American servers.
The only exception is iCloud keychain, but I believe only if you decline the default setting to create an iCloud security code (I'm not entirely sure about that)
This is more than a little hyperbolic. In the US you need a warrant.