Transatlantic Trade: US and European Trade Talk Update
The European Commission unveiled a revamped budget and recovery plan for the European Union (EU) this week, as the continent looks toward re-opening and beginning its recovery from the COVID-19 pandemic. The United Kingdom (UK) also announced some lifting of restrictions this week. The United States (US) Congress, meanwhile, has temporarily paused efforts on another possible economic stimulus package. Amid the public health crisis, the North Atlantic Treaty Organization (NATO) has had a significant role, quietly bolstering Allied and partner countries. This report touches on transatlantic recovery plans, describes NATO’s response during the COVID-19 pandemic, and provides an update on other transatlantic developments.
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