EU-US trade relations will improve but not flourish
Significance Biden's strong support for transatlanticism and multilateralism augurs well for a more understanding and cooperative trading relationship with the EU and will bring an end to the persistent uncertainty associated with Donald Trump's presidency. Impacts US sanctions warnings against companies involved in building the Nord Stream 2 gas pipeline will likely remain for some time. Biden's commitment to addressing climate change could enable Brussels and Washington to coordinate carbon border taxes. Member state divisions over China will prevent the EU from fully embracing Washington's tough position.