Proclamation of World Trade Week 2024

Original title: World Trade Week, 2024

Record date · May 17, 2024

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What This Bill Does

President Biden issued a proclamation designating May 19 through May 25, 2024, as World Trade Week. The document outlines the administration's current trade strategy, focusing on domestic manufacturing, labor standards, and international partnerships to counter unfair trade practices.

Why it matters

This proclamation signals the administration's current priorities regarding international trade, tariffs, and labor protections that affect domestic industries and global economic relations.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

American workers

The administration's trade policies, including tariff adjustments and labor standard initiatives, are intended to influence their employment opportunities and rights.

Directly affected

Small and medium-sized businesses

These entities are targeted for increased access to loans through the Export-Import Bank and export assistance programs.

Key Facts

World Trade Week is designated as May 19 through May 25, 2024.
The administration is increasing tariffs on $18 billion of imports from China.
The administration reports the creation of over 15 million jobs since taking office.
The document highlights the launch of 56,000 infrastructure projects nationwide.

Show all 5 facts

The administration established the Americas Partnership for Economic Prosperity with 11 partners.

Frequently Asked Questions

What is the purpose of World Trade Week 2024?

The proclamation serves to recommit the administration to trade policies focused on fairness, transparency, and labor rights, while celebrating the role of trade in the American economy.

Does this document change existing trade laws?

The document is a proclamation and does not explicitly enact new legislation, though it references ongoing actions such as tariff increases and the launch of various economic partnerships.

What else do you want to know?