This has been going back and forth for a long time now. Perhaps I'm being naive, but given light delay, companies already host data about and data accessed by c

This has been going back and forth for a long time now. Perhaps I'm being naive, but given light delay, companies already host data about and data accessed by citizens from <insert continent> on said continent, so why don't companies just store EU data in the EU and be done with it? Wouldn't that solve the whole issue, years in court, ambiguous rules, companies/agencies that require local storage, etc.?