History
Trade Adjustment Assistance consists of four programs authorized under the Trade Expansion Act of 1962 and defined further under the Trade Act of 1974 (19 U.S.C. § 2341 et seq) (Trade Act). The original idea for a trade compensation program goes back to 1939. Later, it was proposed by President John F. Kennedy as part of the total package to open up free trade. President Kennedy said: “When considerations of national policy make it desirable to avoid higher tariffs, those injured by that competition should not be required to bear the full brunt of the impact. Rather, the burden of economic adjustment should be borne in part by the Federal Government.”
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