Comment He has a point (Score 2) 81
I'll say this as a developer working for years in the US for a EU-based company.
Ignoring GDPR, we spend a significant amount of time developing solutions that maintain compliance EU or country-specific laws (Germany and France are pretty notorious). We do charge for these compliance levels - it's not free. We do the same for other parts of the world too, from Argentina to Australia. But the EU is on a whole other level for regulation and other geopolitical restrictions.
In our specific field, many of our competitors just choose not to deal with it and I think that's what the OP is getting at. If you are a company in Germany shopping for software or SaaS solutions, the market is much smaller and more expensive than if you are in US, Canada, Brazil, or Singapore. That is a drag on your ability to build and sell whatever you are doing.