A month after his inauguration, President Joe Biden quickly sought to repair the damage done to America’s trade relationship with the Europe Union following a bruising four-year battle with the Trump administration.
“The partnership between Europe and the United States, in my view, is and must remain the cornerstone of all that we hope to accomplish in the 21st century,” Biden said in a February speech at the Munich Security Conference.
In his remarks, Biden urged the EU to prepare “together” with the U.S. for a “long-term strategic competition with China” — a warning that came as the 27-nation bloc was preparing to ratify an investment agreement that would improve access to the Chinese market for European businesses.
Three months later, the EU-China investment deal unraveled after Brussels clashed with Beijing over its alleged human rights abuses in Xinjiang, which then devolved into tit-for-tat sanctions.
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