Implementation of the common foreign and security policy – annual report 2024

Tabled by Manon Aubry, Estrella Galán, Anthony Smith, Emma Fourreau

50. Takes note of the Removed: result of the presidential and congressional elections in the United States; recalls that the transatlantic relationship remains one of the most important and strategic relationship for Added: ongoing escalation in trade relations between the United States and the EU; expresses its concern that a trade war has the potential to significantly harm many export-dependent sectors of the economies of the Member States, and in particular affect workers and SMEs ; calls for the swift implementation of proportionate countermeasures in response to the tariffs already imposed and soon to be imposed on EU goods imported into the United States, calls on the Commission and the Council to consider triggering the EU’s anti-coercion instrument if necessary, calls on the Member States to set up aid programmes and funds to support the workers and SMEs in the sectors most affected by the consequences of the trade measures; underlines that the EU’s vulnerability to sudden changes in US trade policy is the by-product of decades of trade liberalisation ; believes that, in the longer term, it is necessary to reduce the exposure of the EU and its Member Removed: States, which has been emphasised by the unity and strength of the partnership demonstrated following Russia’s invasion of Ukraine; underlines that a strong transatlantic relationship remains indispensable for the security of the partners on both sides of the Atlantic; calls on the Commission to foster closer ties with key partners in both the US and Canada Added: States to unilateral trade policy changes in third countries, emphasises that this implies a complete overhaul of EU trade policy, a rebalancing of economies and a transformation of production in order to Removed: counter global challenges that affect our shared values, interests, security and prosperity; in this context reiterates its call for EU-US summits to be held on a regular basis to provide top-level impetus to the future cooperation; fully supports the deepening of cooperation in the framework of the EU-US transatlantic dialogue, such as through transatlantic parliamentary diplomacy; calls for stronger transatlantic cooperation on trade, on foreign and security policy and on combatting challenges caused by rapid technological changes and growing cyber threats; welcomes in that regard the work of the Transatlantic Trade and Technology Council; Added: reverse over-specialisation in some specific sectors and to prioritise domestic needs rather than competitiveness and promotion of exports;

Wording as published by the EP, in English. PE769.720v01-00