And keep in mind that none of this will actually save your privacy. A Chinese service could steal all of your data, sell it, and nothing would happen because they're outside the jurisdiction of the EU. The only thing that will save your privacy is not giving out the information in the first place.
How many online businesses [that aim to quietly collect PII for their own monetary gain] will simply not get created?
Hopefully none of those actors will get created.
But now it is illegal, the thing that might happen is that the EU bans Chinese apps like India did.
> Plenty of other businesses won't do business with Europeans as a result.
I believe you, this is something to consider when making stricter regulations. The same happens with food imports regulations and many other fields.
Some of the business that will not be created are business that should have been created, many other will be legitimate business that will simply consider the risk of the nebulousness of enforcement too high.
One example early on was that it is now unclear whether industrial sensors are by accident in violation of GDPR because the resolution needed for industrial application is enough to distinguish different humans.
My uninformed opinion is that these are solvable problems and personally I blame decades of recklessness in this field that made this necessary.
Personally I like GDPR more than no-GDPR and think that it would be nice if the US had a GDPR compatible regulation (as in the EU and the US diplomatically agree that it is enough for US company to respect the US regulation and for European companies to respect the GDPR to be compliant under both). On the other hand as laws stands I appreciate that they take this law seriously, even if not in the way I would like most.
Overall I do not think that losing access to local US news sites warrants remaining in a GDPRless world