US: curbs semiconductor exports to China
Europe: curbs lithography machine exports to China
China: curbs drone exports to Europe
Europe is entering the "find out" phase of "fuck around and find out." This is what shoving a knife into the back of globalization in the name of national security gets you...
Not that China's semiconductor competence would have affected European security given that China has neither the means nor the desire to project power outside of their immediate vicinity.