alt Hacker NewsSigh. Anecdotally, more Europeans no longer want their governments to rely on software and data controlled by US companies, because they no longer trust the US to act as a reliable ally, defending the same values. Whether you agree or disagree with these concerns, they are valid for many Europeans.
In an ironic twist of fate, the US government's actions could end up causing long-term damage to US tech companies.
This is all based on anecdotal evidence, so I could be wrong, but I have to call it like I see it.
At the end of the day it isn't US tech companies that'd suffer (outside some minor short term pain) it's the US. If being in America is bad for business those companies (which already exist multi-nationally in most cases) will just pack up their US holdings.