But... without mass surveillance of foreigners, how will the US "accidentally" spy on it's own people? Now the sky is going to fall and the "terrorists" will "win" (whatever that means).
In other news, anti-privacy companies like Microsoft and Google will probably seek some way to fight Privacy Shield. After all, these companies love monitoring every move you make, every step you take. They'll use their puppets in both the US congress and US trade representatives to fight privacy protections like these every step of the way.