It seems to me that major US cloud companies are using politics to try to get more value from non-US data, which I believe will push the EU (and others) to acce

It seems to me that major US cloud companies are using politics to try to get more value from non-US data, which I believe will push the EU (and others) to accelerate the move to their own alternatives. This is another move that seems to sacrifice longer-term trust (and profits) to boost near-term profits.