Trade Compliance

GHY discusses changes to international trade regulations and explores cutting-edge compliance strategies.

U.S. States Most Threatened by Free Trade

Posted August 25, 2014

Which American states are the most threatened by globalization and free trade?  A “Storyline” feature in last Friday’s Washington Post attempts to answer the question with a series of infographics and analytic snapshots based on statistics drawn from the U.S. Department of Labor’s Trade Adjustment Assistance (TAA) program since 1994.

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Originally drafted by lawmakers in the 1960s, the TAA is a federal compensation program intended to mitigate the harmful effects of global trade liberalization by providing support to those displaced by foreign competition.

The article notes that since the North American Free Trade Agreement took effect two decades ago, more than 2.7 million U.S. workers have qualified for assistance.  It further notes that wide disparities exist among states with – not unsurprisingly – those “heavily invested in low-wage manufacturing industries” being the most threatened by foreign trade competition.

Click here to read the complete feature.