In his decades of diplomatic service, Wolfgang Ischinger has handled many global threats and challenges and studied the evolving relationship between Europe and the United States, from the deep commitments of multilateralism following WWII to President Trump calling the EU a "foe" in recent years. Now, as President-elect Joe Biden is set to take the oath of office in the US, Ischinger reflects on the other elephant in the room, China, and how Europe and America's approach to the world's second biggest economy may differ.