This annual survey offers the most up-to-date picture of the dense economic relationship binding European countries to America’s 50 states. The survey consists of six chapters. Chapter One underscores how the transatlantic economy today is structurally sound yet buffeted by considerable political uncertainties. Chapter Two updates our basic framework for understanding the deeply integrated transatlantic economy via “eight ties that bind.” Chapter Three compares transatlantic commercial relations with those the Atlantic partners have with China, including how supply chains are being transformed. Chapter Four explores the transatlantic digital economy, which in many ways has become the backbone of commercial connections across the Atlantic. Chapter Five offers an overview of European commercial ties with the United States。