Not for anyone outside of the EU, and not in short-term. However, I believe that it is an alarming tendency that can cause a lot of damage over a sufficiently long time period.
It's still a problem for us in the U.S, because there are always politicians in the U.S. that look at dumb things being done in Europe and say, "We should be doing that, too.", and voters who will vote for them.
In the long term, though, it could cause noticible implosion of related industries. I'm kinda imagining that this kind of regulation is going to be so clearly harmful that its removed.
