Foreign and Fiscal Policies

International Trade Policy

The Office of the United States Trade Representative (USTR) 

• was created by Congress and operates as part of the Executive Branch

• The USTR has the responsibility of development and implementation of U.S. trade policy

including….

• coordinating with Congress on pending legislation and testimony

• Trade agreements must be approved by Congress

Fiscal policy

• Fiscal policy refers to the use of government spending and tax policies to influence economic conditions

• The Executive Branch submits a budget from the President to Congress

• Congress Through a series of hearings creates a budget resolution, which unlike an ordinary bill does not go to the President for a signature or veto

• Create

Congress

• responsible for submitting a budget to Congress.
  

• The budget outlines the government's proposed spending and revenue for the upcoming fiscal year

Executive Branch

Create a balance between the interest of national security

and

the protection of U.S citizens rights, freedoms, and property

Reducing Government Spending

Trivia: Did you know that reducing government spending is one of the goals of U.S foreign policy? This goal aims to promote fiscal responsibility and ensure efficient allocation of resources. By reducing spending, the government can allocate funds to other important areas such as national security, free trade, and promoting world peace. It is a key aspect of maintaining a strong and sustainable economy.

Free exchange of goods and services between counties provides markets for U.S goods

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​Establishing free and open trade

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​Promoting world peace

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Supporting democracy

U.S spends $27 BILLION annually on humanitarian aid in the form of money, food or military assistance.

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Providing aid to people in need