The difference in philosophy is part of the issue. The EU leans towards the precautionary principle (first, show us that it is safe). The US leans towards react

The difference in philosophy is part of the issue. The EU leans towards the precautionary principle (first, show us that it is safe). The US leans towards reactionary regulation (something terrible happened, let's make sure it doesn't happen again). There is also a large difference in practice. In the US, it is possible to get rid of regulations via lawsuits or "lobbying". It is also possible to corrupt public discourse with large amounts of advertising (see https://news.ycombinator.com/item?id=36067401 https://news.ycombinator.com/item?id=36067401). It is much harder to apply US-style lobbying to EU regulators (one of the motivations for Brexit was to get away from EU regulators), so American companies will try very hard to get out from the regulations while making money from EU customers. What he wants is toothless & after-the-fact regulation that will not reduce his income.