But is "Wait for a possible but incredibly unlikely series of events to occur" really a solution?

Solution to what?

The only problem that I see is that it's hard(er) for US companies to collect data about EU customers. That's hardly a problem for the EU customers; they can just buy from EU importers (if there's no equivalent EU product) or rely on EU service providers.

I don't really see a problem.

There is no different solution. The EU tried twice to build this kind of solution and EU courts have shot it down twice with the argument that in the face of no legal representation of EU citizens in the US it is not possible.

So the US needs to move here or it can not happen.