Among the many countries targeted by U.S. President-elect Donald Trump’s tariff threats —a net that he recently widened to include all the BRICS countries if they so much as think of abandoning the dollar—those in Europe face some of the scariest scenarios in the short term.

Donald Trump looks set to reignite his tariff war with China when he returns to the White House. But a different and friendlier region will become collateral damage. Europe may well be faced with its own Trump tariffs but it’s those aimed at Beijing that could be more detrimental for the region.

Manufacturing activity fell sharply across Europe last month and a further decline in demand dashed hopes for an imminent turnaround, whereas in China factories extended their recovery and U.S. producers saw new order growth for the first time in eight months,