President-elect Biden has made it clear that restoring America’s standing with allies will be a priority for his administration. In this episode, Constanze Stelzenmüller explains how the administration can begin to repair the important trans-Atlantic relationship. Stelzenmüller and David Dollar discuss recent tensions between the United States and Europe, a new investment deal between China and the European Union, and how the U.S. and EU can coordinate a common approach toward China.

Dollar and Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.