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