Trade Adjustment Assistance for Firms: Economic, Program, and Policy Issues J. F. Hornbeck Specialist in International Trade and Finance

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Trade Adjustment Assistance for Firms: Economic, Program, and Policy Issues Although trade liberalization can enhance the economic welfare of all trade partners, it also causes difficult adjustment problems for some firms and workers. Congress has responded to these adjustment costs with trade adjustment assistance (TAA) programs for workers, firms, farmers, and communities. This report discusses the TAA for Firms (TAAF) program. Congress first authorized TAA in Title III of the Trade Expansion Act of 1962 (P.L.

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