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 ?
Going forward, some form of trade adjustment assistance, along with its various components, is likely to remain as a way of addressing political resistance to new free-trade agreements, not only in the U.
component, the trade adjustment assistance community college and career
2002, it had amended the original Trade Adjustment Assistance Act five
Under a 2002 provision of the federal Trade Adjustment Assistance Reform Act, displaced workers who enroll in a qualified health plan can get 65% of their premiums paid for by tax credits.
Only two groups of people qualify for this tax credit--people covered by the Department of Labor's Trade Adjustment Assistance Act and those covered by the Pension Benefit Guarantee Corp.
Funding for the Manufacturing Extension Partnership (MEP), requested at $110 million, finally came through after enough legislators applied pressure to the appropriations process, but only $10 million was appropriated for the Trade Adjustment Assistance for Firms program, $6 million less than requested.
South Dakota became the 31st state to create such a pool, and 8 states expanded eligibility for risk pools to displaced workers who are eligible for a federal tax credit under the Trade Adjustment Assistance program.
Kimberly-Clark's former workers collected trade adjustment assistance when their OPIC-insured employer increased imports into the U.
This section examines the American trade adjustment assistance (TAA) program as an example of such welfare-state transfer mechanisms.
They are making a reference to some tax changes, some trade adjustment assistance, they have a small Band Aid on what's really a hemorrhage,'' he said.
Labor Department's NAFTA Trade Adjustment Assistance (TAA) program has certified that Mattel laid off 520 workers at its Fisher Price facility in Medina, New York due to "increased company imports from Mexico.
Each of these had a higher share of Trade Adjustment Assistance certifications than of displacements.