> Currently there aren't any restrictions, the political class is worried and people don't feel good about the maker of the products but that's it.
There very clearly is the restriction, upheld by courts again and again, that EU personal data cannot be processed on US clouds, including EU-based but US-owned clouds thanks to the US CLOUD ACT.
The political class and EU governments as a whole have kicked this can down the road several times, first with Safe Harbor, then Privacy Shield, and now the EU–US Data Privacy Framework which will inevitably fall.
> Europe, or any place will be stuck with niche small businesses as long as US has access to their markets.
This is just, well, untrue. Despite the oft-repeated claims to the contrary, the EU is an industrial and technological powerhouse.
What it doesn't have are US oligopolies, which are currently destroying the fabric of US society while being enormously profitable. That's a feature of the EU, not a bug.
> On Twitter you can find Euro tech boi's who will be repeating the same libertarian ideas as the US tech bros but the EU people make about as much as a successful restaurant and the US tech bros make often as much as a global restaurant chain or more.
Wealth inequality is a failure of US society, not a goal.