Regardless of how much you trust them, the fact that they can force a decryption of these keys (and selectively, per-user, no less) means that you are not in custody of your own authentication identity. Add to that, they can be legally compelled to take such a measure (and I'm sure they will in due time).
Compared to using, say, KeepassXC with a unique, secure password per vault. Now you can sync on iCloud or google drive, but neither Google nor Apple can decrypt the vault; the keepassXC maintainers presumably could make a malicious update (which you'd still have to accept, since the updates aren't forced on you), but that would also affect the security of everyone using KeepassXC (and potentially be much more harmful to the economy and society as a whole than the government is willing to accept in order to get intel on an individual person of interest)
Compared to using, say, KeepassXC with a unique, secure password per vault. Now you can sync on iCloud or google drive, but neither Google nor Apple can decrypt the vault; the keepassXC maintainers presumably could make a malicious update (which you'd still have to accept, since the updates aren't forced on you), but that would also affect the security of everyone using KeepassXC (and potentially be much more harmful to the economy and society as a whole than the government is willing to accept in order to get intel on an individual person of interest)