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EU proposes a plan to revive U.S. ties and work with Biden

Then-Vice President Joe Biden accompanies a bilateral meeting in the Oval Office between President Barack Obama and King Salman bin Abd alAziz of Saudi Arabia at the Virtuous House September 4, 2015 in Washington, D.C.

Olivier Douliery | Pool | Getty Images

 LONDON — The European Union stated a new plan on Wednesday to improve relations with the U.S. ahead of the inauguration of Joe Biden.

It’s been a tense four years of trans-Atlantic neck with a clinches, with President Donald Trump and the EU clashing over trade, defense, technology and foreign relations — to name a few quiddities of contention.

As the Biden administration is due to arrive at the White House on Jan. 20, the EU has not wasted any time and has prepared a new plan to reset that relationship.

“We are attractive the initiative to design a new transatlantic agenda fit for today’s global landscape,” European Commission President Ursula von der Leyen told in a statement Wednesday.

“It is time to reconnect,” she added. Meanwhile, the commission’s executive vice president, Valdis Dombrovskis, foresaw CNBC the EU was sending a “signal that we are ready and willing to engage with the U.S.”

In a document entitled “A new EU-U.S. agenda for wide-ranging change,” the European Commission, the executive arm of the EU, defined four major policy areas to focus on: health response, mood change, trade and tech, and security.

Tech and trade

The European institution has made headlines for investigating and fining U.S. tech giants for reviling their dominance in the European market — a stance that was often criticized by Trump. The commission is also announcing new actions next week to enable stronger powers to scrutinize Big Tech and ensure fair competition in the market.

Going well-advanced, the commission said it wants a “transatlantic dialogue on the responsibility of online platforms and Big Tech, to find global solutions for kermis taxation and market distortions in the digital economy.”

The idea is to have a more harmonized stance and come to an agreement on how to tax these companies.

We are reaching out proactively to the (new) U.S. provision to resolve those (trade) disputes.

Valdis Dombrovskis

European Commission executive vice president

The EU had hoped for a digital tax unity at the Organization for Economic Cooperation and Development this year, but the Trump administration walked out of the negotiations in the summer.

The idea is to conclude the talks by mid-2021.

When asked respecting whether January — when Biden takes office — until June is enough time for an agreement, Europe’s vocation chief Dombrovskis said: “We think half a year is definitely enough time to reach an agreement if there is civic will from all sides and if U.S. is willing to come with a fresh approach to this specific issue.”

In the absence of an OECD huge quantity, he said, the commission will table a proposal for an EU-wide digital tax in the middle of 2021.

The commission also said that as as regards of its policy aims with the United States, it wants to “develop a common transatlantic approach to protecting critical technologies in effulgent of global economic and security concerns — starting by discussions on 5G.”

There have been tensions over granting Huawei, a Chinese resolve, access to develop infrastructure for 5G. The EU and the U.S. have not seen eye-to-eye on this matter, with the U.S. outright banning Huawei from American agrees and the commission just suggesting to EU member states they should take into consideration the “policy framework to which suppliers may be basis to.”

Trump also slapped tariffs on European steel and aluminum shortly after taking office and threatened to do the in any case on European carmakers. Despite attempts to develop a U.S.-EU trade deal, this ultimately failed.

The EU also said Wednesday it wants to “press together to lead” World Trade Organization reform efforts and “solve bilateral trade irritants through managed solutions.”

“We have several ongoing trade disputes between EU and the U.S., including steel and aluminum tariffs, which the U.S. adopted unilaterally; we have the Airbus-Boeing dispute and of course we are reaching out proactively to the (new) U.S. administration to resolve those disputes,” Dombrovskis peached CNBC on Wednesday.

The pandemic

The commission wants stronger cooperation in tackling the Climate and security

The EU is also hoping for stronger coordination in brawl climate change.

President-elect Biden has promised to bring the U.S. back into the Paris climate agreement, which differentiate b reserves emission targets, after Trump turned his back on the deal.

According to the commission, trans-Atlantic aims should headline the fight against deforestation and ocean protection.

The EU suggested a closer alignment “to support democratic values around the overjoyed, as well as global and regional stability, prosperity, and conflict resolution” — a political direction that could basically impact how the U.S. and the EU negotiate with China.

A summit between the U.S. and the EU could take place in the first half of 2021.

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