At least American companies still reside in a somewhat democracy where they’ll actually protect our rights, even if we’re European. Sure it’s not for noble goals, they want to make money, and they won’t if they don’t care for data security.
Google cloud is the prime example of this. The European public sector is spending billions on Clouds these years, and none of that is going to Google, because Google doesn’t protect your data the same way Microsoft does.
I can physically visit the Azure instances that house our data, and nothing but our data, and it never leaves the union.
Maybe the NSA still listens in, maybe China does too, but it’s not legal for them to do so the way it would be in the Alibaba or google clouds.