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American Workers Who Lose Jobs in a Trade War Won’t Get Much Help
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May 8, 2018 | JOBS | Normally, when a job is outsourced or terminated as a result of import competition, workers get some extra help. On top of unemployment insurance, they are also eligible for something called Trade Adjustment Assistance, an approximately $800 million a year program that provides cash and covers tuition for retraining programs to help people get back on their feet. But the 56-year-old program doesn't cover people who lose jobs in later phases of trade disputes. The essential requirement for eligibility is that the job was lost to "foreign competition." Jobs lost due to tariffs actually levied by the United States -- which can raise domestic prices and provoke retaliatory measures from abroad -- don't qualify… CNN Money
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