Under no circumstances should be US businesses treated as authorities. They are not mom nor should have any kind of leadership position.
Capitalism works when there is a competition between companies. Corporations are everything but that.
China may be able to bully Apple into letting it snoop on its citizens’ icloud backups, but when the UK wants the same illiberal snooping powers, with 10% the population it’s 90% easier to walk away.
The EU is big and rich enough to force Big Tech into submission under threat of loosing the market.