Sure, if you cater to users in your own country. If you cater (read: deal with data) to users from the EU, you should follow local consumer protection laws.
EU laws have always been more strict than US privacy laws: This caused unfair competition, where US companies were free to export their privacy-damaging business model overseas, while local companies were forced to respect privacy. Respecting privacy is just not very competitive/profitable at the moment.
Your viewpoint pushed to the extreme (sorry if you don't recognize your original view): China selling counterfeit goods or unsafe toys to the US, and feeling like any push-back is messing with their sovereignty of lax copyright -, trademark -, and health laws.