Trade Adjustment Assistance


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Trade Adjustment Assistance

1. A program of the U.S. Department of Labor providing financial assistance and employment retraining for persons who have lost jobs or suffered wage or hour reductions due to imports or outsourcing outside the United States.

2. A program of the U.S. Department of Commerce providing financial assistance for companies that have suffered hardship due to competition from cheaper imports. The assistance is intended to make these companies more competitive through diversifying products and other means.

3. A program of the U.S. Department of Agriculture providing payments to farmers who suffer reduced prices for their crops resulting from increased supply due to imports.
References in periodicals archive ?
The unintended consequences of trade adjustment assistance. Cato Journal, 18(1), 65-74.
Back in 1974, some of the industries most opposed to my ideas on Trade Adjustment Assistance--textiles and steel--felt that, if Trade Adjustment Assistance were more robust, that would undercut their case for import protectionism.
trade adjustment assistance (TAA) directly to trade-affected firms and
"International Trade and Worker Displacement: Evaluation of the Trade Adjustment Assistance Program." Industrial ami Labor Relations Review, 48(4), 1995, 758-74.
* extends COBRA continuation coverage periods for certain individuals receiving Trade Adjustment Assistance benefits or pension benefits from the Pension Benefit Guaranty Corp.;
In addition, working together on priorities for domestic trade adjustment assistance for workers would increase space for discussion on how trade can benefit developing countries.
Under Trade Adjustment Assistance, up to $20,000 in training funds are available per worker.
They conclude that trade adjustment assistance can be used as a way to help the impacted industries face new competitive challenges.
The Trade Adjustment Assistance (TAA) program, administered by the Department of Labor (Labor), is the nation's primary program providing income support, job training, and other benefits for manufacturing workers who lose their jobs as a result of international trade.
So my administration has reformed job training programs and expanded Trade Adjustment Assistance to help more displaced workers learn the new skills they need to succeed.
That means that although millions lost jobs or faced long-term unemployment last year, only about 150,000 workers received Trade Adjustment Assistance (TAA).