From the perspective of European govs: Why should only US entities (and companies like Cloudflare, Amazon or Google) be allowed to get access to communications content ?
It’s very logical that Europe wants to do the same.
It is much, much easier to wait for someone else to do all the difficult stuff, and then write a rule that if you don't also get the same stuff that you can lock people in a box or take some of their money.
European CAs can apply to be included in the root stores, and Europeans can definitely write content-delivery (CDN) and content-parsing (browser) software.
European CAs were in root stores. The case in hand I wrote several times about is the Belgian Root CA that was in all major browsers until it was withdrawn somewhere in 2015..2017 in favor of Digicert for everything public services in Belgium.
This essentially gives a a free hand to NSA to spy non only on Belgians but also EU Institutions, NATO HQ, SWIFT and many more essential but not very public organizations headquartered in Belgium (ever heard of IPC? ENTSO-E?)