Someone has not heard about CLOUD act. The European Comission has repeteadly tried to figure out a framework that would let US providers access EU markets safe

Someone has not heard about CLOUD act. The European Comission has repeteadly tried to figure out a framework that would let US providers access EU markets safely, respecting EU laws. Every single attempt has been broken because there is no way for an US company to respect EU law and also comply with the CLOUD act. The bit of law you suggest would essentially make it impossible for a company to respect both EU law and US law.