alt Hacker News1. It's also a piece of cake to just not display the cookie banner for non-EU IPs
2. If you are a purely US entity with no actual business presence in the EU, you only need to comply with US laws and nothing else. If the EU doesn't like a purely-foreign website, it's on them to set up a national firewall and block it.
Case in point 1: It's not on you to comply with China's laws, it's on them to block it if they want to
Case in point 2: China's local businesses with no EU presence do not follow GDPR and do not display cookie banners even if accessed from the EU
GDPR applies to EU citizens data. It doesn’t matter where your business is located in the world, if you process European personal data you’re on the hook. Of course you can decide to ignore and argue the EU doesn’t have jurisdiction