U.S.-EU Trade and Economic Relations [Updated December 21, 2021]   [open pdf - 554KB]

From the Document: "United States and the European Union (EU) have a highly integrated economic relationship. They remain each other's largest overall trade and investment partners [...], despite the economic challenges posed by the Coronavirus Disease 2019 (COVID-19) pandemic, the United Kingdom's withdrawal from the EU in 2020, and China's growing role as a trading partner for each. Over the years, the United States and the EU have sought to further liberalize their trade and investment ties, enhance regulatory cooperation, and work together on global issues, including through the World Trade Organization (WTO). [...] U.S.-EU trade concerns before Congress may include [1] What bilateral trade issues should the United States prioritize to address with the EU? [2] How do U.S. and EU positions and approaches align and diverge on addressing global trade challenges? [3] What roles might forums such as the TTC [Trade and Technology Council] and TLD [Transatlantic Legislators Dialogue] play in U.S. and EU engagement on trade issues? [4] What are the prospects for, and the potential economic impact of, further liberalization of U.S.-EU trade? [5] Are additional or modified trade authorities needed to support U.S. trade policy goals with respect to the EU?"

Report Number:
CRS In Focus, IF1093
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Media Type:
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