I will just provide 2 examples, but you can find a lot more.
If your data is in the hands of a nation that uses this to block you from your data you should do something about it. [1]
If your data is in the hands of a nation whose representatives are threatening your territorial integrity (greenland) you should find alternatives.
[1] https://www.heise.de/en/news/Criminal-Court-Microsoft-s-emai...
Right, but next time your data may be threatened by some European idiot rather than one from the US.
To quote from my other comment:
> In my view, data can only be protected by its rightful owner. And for that, we need education, not regulation.