Nah there's literally no reason geopolitically or economically to do that for Europe. The US has more or less entirely botched everything except it's military applications for AI. It's endangering the whole economy in the process too.
The thing goes both ways. They have to secure their people from Russian and American propaganda that will be coming by the petabyte once a few more us data centers go online. The US is trying to elect fascists in Europe.
At the same time it's a terrible practice for privacy and human rights. Especially in the wrong hands.