I mean if you can even refuse that, this is national agency we talking about

They can physically tap global internet cable just because they can

EU doesn’t have that kind of agency.

Member states have spy agencies, but they also signed treaties to join the EU. Having your spy agency violate international treaties isn’t something most governments allow.

If the company or individual is in a country, expect they can be compelled to hand over everything in their possession by a court order (or it can be siezed).

If the information is stored in a country, expect that the owner of the information can be compelled to hand it over by a court order (or it can be seized).

The EU doesn't have something like the CLOUD Act, so they wouldn't be able to do that.

Well the EU absolutely could do the same thing. If an EU-based company had servers in the US, I would expect the EU could compel them to hand over data despite where the data is stored.