Transatlantic trade relations face a bumpy road

Date

February 12, 2025, 9:00 AM to 10:00 AM EST
Virtual Event
Cecilia Malmström (PIIE), Michael Froman (Council of Foreign Relations; Former US Trade Representative) and Bernd Lange (Committee for International Trade, European Parliament)

Event Summary

The EU-US transatlantic relationship dates back many years and has important political, economic, military, and historical aspects. The two are each other’s most important trading partners, and they trade for a value of more than $1.3 trillion per year. Despite attempts to negotiate a free trade agreement, an arrangement has not been made.

Because the new US administration sees tariffs as a way to achieve many goals, the threat of tariffs hangs over Europe and creates uncertainties about the future. In response, the European Union is reflecting on possible solutions while broadening its network of free trade partners through new agreements. Both are worried about unfair practices by China.

What areas of possible cooperation could we see in the future between the two allies?

Joining this episode of Trade Winds are:

HOST

Cecilia Malmström
Nonresident Senior Fellow, Peterson Institute for International Economics (PIIE)

GUESTS

Michael Froman
President, Council of Foreign Relations; Former US Trade Representative 

Bernd Lange
Chairman, Committee for International Trade, European Parliament

Video

Series

About This Series

Trade Winds explores the future of international trade—the challenges, possibilities, and where international efforts are headed—in a monthly virtual event series hosted by Cecilia Malmström. Join the discussion to learn from global policymakers, practitioners, business leaders from different sectors, experts, and more.