Peterson Institute for International Economics
The announced intention of President-elect Joe Biden to strengthen US alliances and participate in international institutions offers an opportunity for the European Union to set its global trading strategy on a new path by reinvigorating the US-EU trade relationship, revitalizing the World Trade Organization (WTO), and implementing a coordinated response to the systemic problems presented by Chinese policies. The European Commissioner for Trade should not, however, naively expect that the new administration will place trade policies at the top of its agenda and automatically eliminate the bilateral conflicts caused by the Trump administration. Nonetheless, the European Union has an opening to encourage the Biden team to move in that direction.
Lawrence, Robert Z. "Memo to the European Commission on the future of European trade policy." Peterson Institute for International Economics, December 2020.