> although most folks in the EU want that for nationalistic reasons and to prop up their own industries
Sources for this extraordinary claim, please.
As an EU citizen I'm interested in the EU protecting my privacy, not for nationalistic reasons, not to prop up EU's industries. I care that my data isn't willy-nilly given away under some opaque mechanisms controlled by large corporations, because as many here on HN like to remind me: capitalism is amoral, this is some regulation instilling morals into the system.
I want to be aware and protected about where my data is being used, for what purposes, and I want to have the power to control how corporations can use my data, or if they can use it at all. This kind of data can be modeled into a version of what a system sees as "me", through the interactions I had with it, building a profile of what moves, and interests me, I want to be able to know and control who can know, and to what degree, who I am.
If you are against that, please explain why.