FY 2022 Budget Helps USTR Carry Out the President’s Trade Agenda
The Biden-Harris Administration today submitted to Congress the President’s Budget for fiscal year 2022. As the Administration continues to make progress defeating the pandemic and getting our economy back on track, the Budget makes historic investments that will help the country build back better and lay the foundation for shared growth and prosperity for decades to come.
“USTR is developing and implementing a worker-centered trade policy that complements and supports the historic investments in the President’s budget,” said Ambassador Katherine Tai. “As we pursue the Administration’s trade agenda, USTR will promote and defend our democratic values, create more inclusive prosperity and opportunity, and rebuild our international alliances and partnerships while re-engaging international institutions.”
The Budget includes the two historic plans the President has already put forward — the Americans Jobs Plan and the American Families Plan – and reinvests in education, research, public health, and other foundations of our country’s strength. At the Office of the United States Trade Representative, the Budget would support:
• The President’s Trade Agenda and ensure that American workers, farmers, ranchers, fishers, manufacturers, innovators, creators, service providers, consumers, and investors receive fair treatment in trade, compete on a level playing field, and win the full benefit of the economic opportunities the United States has negotiated and will negotiate
• Developing and implementing a comprehensive trade policy to help the country and world recover from the Covid-19 pandemic and economic effects.
• The implementation of a worker-centered trade policy through extensive consultations with the Congress, stakeholders, and its trade Advisory Committees.
• Fully enforcing U.S. trade laws, closely monitoring foreign countries’ compliance with trade obligations, combating unfair trading practices and encouraging broader participation in international trade by negotiating and implementing agreements consistent with U.S. interests and values.
• Improving labor standards, strengthening environmental standards and supporting the Administration’s work to address the crisis of climate change, support public health improvements, and eliminate social and economic barriers to ensure economic opportunity and benefits for underserved and marginalized communities
• Increased employee engagement and developing and strengthening a diverse and inclusive adaptive workforce.
Enacting the Budget policies into law this year would strengthen our Nation’s economy and lay the foundation for shared prosperity, while also improving our Nation’s long-term fiscal health.
For more information on the President’s FY 2022 Budget, please visit: https://www.whitehouse.gov/omb/budget/.