Former President Donald Trump's proposal to implement higher tariffs on Chinese goods is aimed at boosting U.S. manufacturing while escalating tensions with Beijing. Experts warn that such 'over-the-top' tariffs could lead the U.S. back into an era of economic shocks, reflecting Trump's protectionist tendencies. The potential for a trade war is not limited to the U.S. and China; it may also extend to Europe, where divisions are emerging regarding how to handle relations with China. Analysts note that the European Union is playing a complex role, as individual member states seek to attract Chinese investments while also facing pressure to adopt a tougher stance on trade issues. The situation is further complicated by Trump's rhetoric, which includes accusations against Taiwan's chip industry and demands for protection fees, indicating a shift towards more inward-looking economic policies.