What is a trade adjustment assistance program designed to do?

A trade adjustment assistance program is specifically designed to provide support to workers affected by international trade. When a country opens up to global markets or when existing trade agreements lead to significant shifts in the economy, certain sectors may experience job losses or reduced opportunities due to increased competition from imported goods. This program aims to assist those workers in transitioning to new employment by offering services such as retraining, job placement assistance, and financial support during their transition. By addressing the economic impact on individuals rather than focusing on broader trade regulations, negotiations, or export promotion, the program targets the needs of the workforce that bears the brunt of trade adjustments.