The New Transatlantic Bargain

The New Transatlantic Bargain

Council on Foreign Relations · October 2026

The postwar bargain of American protection in exchange for European loyalty is wearing thin. CFR’s Matthias Matthijs argues that a more self-reliant Europe within a rebalanced NATO would serve American interests better than a weakened, divided one.

Kevin Lamarque/Reuters, NATO; photo illustration by CFR.

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