Re: "getting caught was the issue"
I'm not saying I'm Ok with, or give any approval to the spying. I think it's all awfully stupid and a huge waste of resources. But as Roo notes, it is the little people (that's us) who take the hits, not governments or corporations. We don't matter to either of those groups beyond our taxes.
Since the little people are out of the equation, it doesn't make sense for big business to change the way it is done, and it won't change. After the crocodile tears and the righteous indignation have been properly expressed and duly noted, concessions from a few US companies and updated trade agreements with the US government, like I was talking about, will be the only outcomes of any of this. Everybody except the little people like things the way they are.
If you think I'm wrong, I challenge you to look into who Brazil is already talking to about who will build and manage any new developments from the privacy changes they're lobbying. Sure, the data is going to stay in Brazil, but it's US companies who are going to be building and running the infrastructure... The Japanese, their big trade partner and tech supplier have already been sidelined. You're just nuts if you think it's going to be different in China.
There is far too much advantage to be had in 'dealing with the devil' to let the complaints of a few citizens change the way international relations and business are done. The way it has been is the way it is going to be for a very, very long time to come. You're a fool if you think that anyone involved in this is truly upset, they're just playing their parts in the big circle jerk that is diplomacy.