The politicians cite competitiveness as the motivator for relaxing the GDPR. The real reason for the EU lagging behind the US in "big tech" is of course the lack of venture capital and the red tape in registering corporations.
The GDPR does not prevent US big tech from operating in the EU.
As it stands, this is just another attack on EU citizens' rights. It is also the least of the EU's current problems. De-industrialization due to high energy prices is, but of course von der Leyen will not mention that.
They want to steal the resources and control the Arctic sea routes.
Vance says Greenland has been mismanaged? Well, so far Greenland has not been invaded, unlike Ukraine, which had US and French security "guarantees".