I agree. Hopefully this is temporary and they can figure out a reasonable compromise. As a Swede I do feel that parts of the EU (with Germany and France) are heading in the wrong direction. Those are not countries famous for their entrepreneurship and it seems like their first instincts in relation to the US are usually protectionist.
I'm also European and I completely agree with you. They're basically taking the whole EU as a hostage to protect their own inefficient domestic companies =(
I can tell you that there's a deep-seated suspicion in the US that for France, much of GDPR's purpose is about enabling protectionism.
The logic is understandable. Surely, if you just get rid of the abusive American monopolies the home-grown companies will take their rightful places... right?
That doesn't seem to be true though. There are multiple countries outside the EU that have an adequacy decisions regarding their privacy laws like: Japan, South Korea, Canada, UK, Isreal, etc. They can host EU data without issues.
The only reason the privacy shield agreement was thrown out was due to lack of safe guards from US intelligence.
Even without the privacy shield, US companies would still be able to store EU data in a country with an adequacy decision if it wasn't for the CLOUD act. This seems more to do with US law wanting access to EU data.
Is there anything restricting US companies from first transferring EU data to a country `A` with an adequacy decision and then transferring that data to the US (assuming `A` allows this)?
