Comment by grbalaffa

Don't worry, they will work it so that there is a very expensive and labyrinthine process for privacy "compliance" for companies operating in the US which will purely by coincidence be so expensive and convoluted that only the big companies will be able to afford it. Just to reiterate, this will be 100% accidental and will in no way reflect an intent on the part of the established players to create a de-facto barrier to entry for potential competitors. You know you can trust them because the meeting was behind closed doors and both they and the president refused to comment on it.