I don't. American companies need the riot act read to them now and then and be forced to comply when it's clear they are abusing their position. The EU is not a push-over when it comes to consumer protection & cannot be ignored.
They'll comply, at least the large ones, but charge EU consumers for it. Why do you think Apple products in teh EU are higher, ex-VAT, than elsewhere? Apple bakes in the costs of the higher protections.
Even so, the protections are not always that great, since you often have to return to the seller, which may not be Apple, and possibly ship to one in a separate country if you bought it while traveling; as well as may have to prove it was a defect and not caused by you.
As for peoples jobs, look to Europe were we are trialing standard basic incomes, four day work weeks, and the world where people don't need to work 40+ hours a week there is still a income and you can top that up with more interesting work than assembling a phone.
Good ideas, but they have to be paid for somehow, through taxes or higher prices. A 4 day work week is fine, but unless productivity stays the same the worker ultimately will make less of the company will hire more people, raising costs and prices, which of course results in inflation eating away any gains made by a lower week at the same pay.
Companies will also shift to lower costs countries. Look at BMW. Chances are your BMW may not be made in München but somewhere else, for example.