Theres a pretty big chance imho that europe will follow suit , or at least the segmenets that are fully aligned with the US on all things china even to their own detriment.
Remeber rip and replace Huawei 5G because of national security , leading to some parts of europe having worse coverage than some tiny african markets.
Best bet would be for europe to look at it like what it is an open source commodity that is useful to build on rather than a moat to extract rents with.