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I don't think it's going to be anymore successful in the EU, honestly. The last couple of years have EU politicians throughly over their shit, and it's unlikely many concessions to US BigTech can be bought without serious reciprocity on the table (for example, a major expansion of US military aid to Ukraine)
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I don't think it's right to say "privacy/sovereignty". As gestured towards in the source article, Japan and Korea have joined the US's preferred data privacy forum https://www.globalcbpr.org/. Data sovereignty is not a common idea outside the EU, and AFAIK even the current American government doesn't object to US citizens' data being stored in foreign servers under foreign jurisdiction.
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