> I don’t think it’s hyperbole to call that situation an economic disaster. The US and EU have too much commercial intermingling to have the EU actually cut off

> I don’t think it’s hyperbole to call that situation an economic disaster. The US and EU have too much commercial intermingling to have the EU actually cut off data movement to US data centers. It hasn't been an economic disaster so far, why would it be now? And it is not that they will seal off datacenters. It just makes US companies liable for handling EU-user data in EU-jurisdiction. If they are caught red-handed exporting data to US, fines will be on the way. The only beneficiaries from this are FANG (lower costs) and 3-letter US agencies (they info they need at the reach of their hand).