If anything, MA, you'll merely have more demand from countries operating within the laissez-faire policy of trade, meaning Europe will certainly continue to see increased importation from the PRC, worsened by the fact demand for their currency is declining (decreases the price of the currency against other pairs) during the trade-war. In tandem, you'll continue to see manufacturing industries, throughout Europe, decline, as demand for domestic production shifts to the PRC, as explained in the aforementioned. Europe doesn't have the consumption capacity of the U.S., however. Another factor to consider is, with Europe now demanding more imports from the PRC, you end up with increased demand for the Euro, thus driving the price of the Euro up, making them even more reliant upon foreign imports. So, all in all, Europe stands to lose the most, deindustrialized just like the U.S.
