European Justice Commissioner Vera Jourova tells Bloomberg that the bloc would consider suspending its Privacy Shield agreement with the United States if it felt the U.S. wasn't standing by its part of the bargain:
"I will not hesitate to do it. There's too much at stake."
Why it matters: The deal calms fears in Europe about privacy violations and eases the way for companies to store user data in a country other than the one where the user lives. But language in one of President Trump's executive orders has some worried that the administration could undermine the privacy rights of foreign nationals.
What's next: Bloomberg reports Jourova has a trip to Washington in the works for later this month. She said it would take a "significant change" to see the deal suspended.