The EU courts have found that Safe Harbour means that the 4th Reich may not have EU citizens’ data beamed to it, unless the company doing the beaming (eg Facebook) is prepared to safeguard the data from spying by the KGB. I mean Stazi. I mean NSA.

Source: The Court of Justice declares that the Commission’s US Safe Harbour Decision is invalid – cp150117en.pdf

Companies are whining that this will be bad for the EU economy, but I don’t see particularly that Chinese people are much the worse off for not having Facebook, and I’m sure that not having US government spying on the EU and then passing relevant information on to US companies gets rid of quite a significant competitive edge, allowing EU companies to grow a bit more fairly.