The European Union General Data Protection Regulation in the US

Discuss the topic of the European Union General Data Protection Regulation.

What implications do you think the European Union (EU) General Data Protection Regulation has for companies based in Vermont and other states in the U.S.? Do you think that the “extraterritoriality” (please define this in your answer) application of the EU laws to other nations should be allowed? What about the application of U.S. laws to other countries’ business practices? Why or why not?