Title: Reaffirming the trade and investment partnership between the United States and the European Union is critical to the economic and national security of the United States.
Policy area: Foreign Trade and International Finance

Summary:
Reaffirms that the trade and investment partnership between the United States and the European Union is critical to the economic and national security of the United States.
Urges the President to prioritize the principles of fair trade in commercial relationships and to immediately issue a permanent exemption from steel and aluminum import tariffs for the European Union.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 810 Introduced in House (IH)]

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115th CONGRESS
  2d Session
H. RES. 810

  Reaffirming the trade and investment partnership between the United 
States and the European Union is critical to the economic and national 
                     security of the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 5, 2018

Mr. Keating (for himself and Mr. Poe of Texas) submitted the following 
   resolution; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                               RESOLUTION


 
  Reaffirming the trade and investment partnership between the United 
States and the European Union is critical to the economic and national 
                     security of the United States.

Whereas the trade and investment relationship between the United States and the 
        European Union is the largest in the world;
Whereas it is estimated that in 2015, United States exports to the European 
        Union supported 2,600,000 jobs and that European majority-owned 
        affiliates in the United States employed 4.3 million workers;
Whereas strengthening transatlantic economic ties through a trade and investment 
        agreement has the potential to reshape the rules of trade and to raise 
        global standards on labor and environmental protections, intellectual 
        property rights, digital trade, investment, and regulatory cooperation;
Whereas in 2013, the United States and the European Union entered into 
        negotiations to advance the Transatlantic Trade and Investment 
        Partnership, and these negotiations were ongoing through 2016;
Whereas these negotiations have been on hold since the final round of 
        negotiations in October 2016;
Whereas, on March 8, 2018, President Trump announced a plan to impose tariffs on 
        steel and aluminum imports to the United States;
Whereas in 2017, the United States imported $7.3 billion in steel and aluminum 
        from the European Union, which would result in an estimated $2.6 billion 
        in trade losses to the European Union should the announced tariffs be 
        imposed;
Whereas job and financial losses to American businesses due to potential 
        retaliatory tariffs on a broad range of United States exports to the 
        European Union, including on products such as cranberries, peanut 
        butter, and orange juice, would be severely detrimental to American 
        workers;
Whereas the People's Republic of China has also announced proposed retaliatory 
        tariffs on 128 American-made goods, including cranberries, pork, and 
        almonds, in response to the announced United States tariffs on steel and 
        aluminum imports; and
Whereas in a proclamation issued by President Trump on March 22, 2018, Canada, 
        Mexico, Australia, Argentina, South Korea, Brazil, and European Union 
        member countries were afforded an exemption from the announced tariffs 
        until May 1, 2018: Now, therefore, be it
    Resolved, That the House of Representatives--
            (1) reaffirms the trade and investment partnership between 
        the United States and the European Union is critical to the 
        economic and national security of the United States;
            (2) urges the Administration to prioritize the principles 
        of fair trade in our commercial relationships with our economic 
        and security allies, especially the member countries of the 
        European Union;
            (3) approves of the temporary exemption from steel and 
        aluminum import tariffs issued to the European Union member 
        countries and other close allies of the United States; and
            (4) urges the President to immediately issue a permanent 
        exemption from such tariffs for the European Union in order to 
        afford our European allies the certainty and predictability 
        that our longstanding transatlantic partnership demands.
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