Europe is being devastated by the coronavirus pandemic, and the economic situation in the United States is not much better. The U.S. and Europe need each other more than ever in order to pull each other out of the post-COVID-19 economic crisis. This Special Report has identified seven areas of potential transatlantic community cooperation between the U.S. and Europe: (1) economic freedom, (2) a U.S.–EU Free Trade Agreement, (3) a U.S.–U.K. Free Trade Agreement, (4) the Three Seas Initiative, (5) the Visa Waiver Program, (6) Europe’s energy security, and (7) Europe’s approach to China 5G technology. Cooperation on these seven areas offers a realistic and meaningful approach for Americans and Europeans to help each other.