EU's Global Gateway, Trade, and War?

The European Union announced that it planned to spend €300 billion ($340 billion) in a program called 'Global Gateway.' According to EU Commission President Ursula von der Leyen it is a "true alternative" to China's Belt and Road Initiative, also known as the Silk Road Project. Both the EU and Chinese projects will improve road, ports, and/or other infrastructure to connect with Europe, Asia, the Middle East, Africa, and Latin America. Will this result in increased trade for Europe and