The times are long past when U.S.-EU summits were major political events. Not only do they take place only sporadically today, but they generate little interest from both heads of state and the public. While the United States and the EU are still each other’s most important trade and investment partners, the transatlantic economic partnership has seen better times. Regardless of this bleak picture, there is a small window of opportunity to breathe some new life into the transatlantic trade partnership before the U.S. presidential campaign takes off in early 2012. While the U.S. public is increasingly skeptical about trade, most Americans still say that increased trade with advanced countries such as Canada, Japan, and the European Union would be good for the United States. It will take bold and unfaltering U.S.-EU leadership to revitalize transatlantic trade cooperation. The upcoming summits present an opportunity that should not be wasted.