> You can substitute Apple for Google or any SV big tech
Except Google pretty much doesn't operate in China and shareholders seem fine with that.
Entirely different from their EU operations to just give one example.
EU social welfare programs are all in a precarious state and the EU is currently taking on massive debts to re-arm again. Their economy is also not growing and China is eating their lunch economically (autos, manufacturing, industry).
Public opinion has turned so dramatically against big tech that triggering $10B in fines is like taking candy from a baby. Expect this to 10X by the end of the decade.
The incentive structure is there and the EU has already realized they can raid US companies in the name of 'privacy' without much pushback (hilariously, they're also constantly trying to undermine encryption at the same time...so we know they don't actually care about "privacy," just easy money).
And the reality is that the US government would start blackmailing the EU long before that dramatic escalation is reached.