It's fundamentally the same in the US, but I sense from your wording a difference in degree -- i.e. Europe leans more socialist.
Throughout the US, a consumer has the power to waive even the warranty that merchandise is usable for its normal purpose. And consumers do that a lot. But a consumer is not able to waive the warranty on an automobile against injury-causing defects.
And under US law, "merchants" have considerably more power to negotiate than "consumers." A merchant, BTW, isn't just someone who sells something -- it's basically defined as someone who should know what he's doing because he's in business. "Consumer" is essentially the modern word for "peasant."
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