Trade Adjustment Assistance, which was allowed to expire in mid-2022, provided crucial support to workers and communities impacted by trade agreements, but has now become a neglected issue.
President Kennedy's insight in 1962 was that to expand trade successfully, the government needed to assist the economic adjustment of those adversely affected by competition.
The expiration of Trade Adjustment Assistance plays a significant role in the increasing resentment toward free trade, contributing to political shifts such as the election of Donald Trump.
Without assistance for those impacted by free trade, American society risks ignoring the lessons of history regarding the balance between trade expansion and its consequences.
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