Really... what's the point? Another way for the US to dictate to everyone else what to do? Another way for the US to tell everyone else how their foreign policy with other countries should be with Israel pulling the strings behind the scenes? Europe will be upset at being sidelined. I see Europe along with other US allies attempting going their own way before they surrender and know their place.
There's the talk of how China won't buy anything from the West now. Well in debating this on the internet, Westerners basically ignore this is their fault. What's left to sell when they banned any advanced tech sales to China that it can't make itself? Stuff China can get anywhere else. Then you have those high ticket items can't be bought by most countries. This is where the West admits that everyone else to them are just here to give them their money. Business is just laundering their imperialism for the West. Like I've been saying... they're always looking for an angle to have slaves again. They lie about believing in capitalism because they have nothing that isn't banned to sell that is in demand in China to sell but they expect China to buy it anyway. They think it's up to China how to figure out the problem they created. No, that's their job to convince the customer what they want to buy.
Maybe Europe should try to sell what they won't sell to China. I doubt they have anything really that China can't do cheaper now but then all Europe only has left to show China is good faith to open the doors again on products that are all about their name only. If they won't show that, then Europe is worthless for China and let them wither away and die living with their overpriced uncompetitive overcapacity they want to sell.