The lack of data sovereignty does have large geopolitical consequences though. Without data sovereignty of EU government services and businesses, the US can blackmail EU continuously or even worse, in the case of e.g. a conflict over Greenland, cause chaos by turning off access to US tech. So for the EU, tech sovereignty is a matter of life and death.
Also, a lot of crap in Western countries is caused by tech broligarchs enriching themselves in favor of workers en destroying democracy for tech feudalism. So if we can bring down their sales Tesla-style, I'm all in for it.