That is not the reason. The US wouldn't commit an unforced error in the battle to maintain global reserve currency status. There are too many countries that wou

That is not the reason. The US wouldn't commit an unforced error in the battle to maintain global reserve currency status. There are too many countries that would be delighted to switch to non-USD options to conduct export/import transactions. The issue is as old as the Cold War. Europe is dependent on the US' continued spending on its military machine to prop up NATO. For a deal that good, they're mostly OK with the trade-off of giving their privacy away to American tech companies.