> and protect / stimulate domestic alternatives.

I really would love to see this, but the sad truth is that there are no real alternatives for a very big amount of software products. In the end, the eu residents will simply have to pay more for a lot of software products, and that's it :(

That's the initial impact, it's exactly the incentive that over time will create native competitors.

Yeah, there will be immediate pain but if EU competitors can spring up because the American software giants are disadvantaged it'll slowly erode the reliance on US's software.