> This would be a great way to ensure Europe can grow its own.
The reason this doesn't happen is because of Europe's internal issues, not because of foreign competition.
Arguably, until recently there just wasn't any reason to: Europeans were happy buying American software and online services; Americans were happy buying German cars and pharmaceuticals.
Personally, I don't think the US clouds win anything on merit.
It's hard/pointless to motivate engineers to use other options and their significance doesn't grow since Engineers won't blog that much about them to show their expertise, etc. Certification and experience with a provider with 10%-80% market share is a future employment reason to put up with a lot of trash, and the amount of help to work around that trash that has made it into places like ChatGPT is mindboggling.