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Tag Archives: global competition

Labor Department unveils TAA allocations to states

WASHINGTON — The U.S. Department of Labor has announced initial funding allocations for Trade Adjustment Assistance for states to assist workers who lose their jobs due to outsourcing and foreign trade. This announcement includes two funding levels for states under the program:  one under the current, expanded level of authorized funding, and one at a reduced level that will take ...

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U.S. trade deficit soars to two-year high

WASHINGTON — The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008, offsetting another strong gain in exports. The larger deficit is evidence of a rebounding U.S. economy. The Commerce Department said today that the trade deficit rose 2.5 percent to $40.4 billion in ...

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U.S., Brazil strike deal to settle 'cotton dispute'

WASHINGTON — United States trade representative (USTR) Ron Kirk and Secretary of Agriculture Tom Vilsack announced that the United States and Brazil have agreed upon a path toward a negotiated settlement with Brazil over the cotton dispute. The cotton dispute is a long-running issue brought by Brazil against the United States. In 2005 and again in 2008, the World Trade ...

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New Trade Adjustment Assistance program rules published

WASHINGTON — The U.S. Department of Labor yesterday unveiled a new regulation that is the first substantive rulemaking on the Trade Adjustment Assistance program in more than 15 years. The rule will implement changes to the TAA funding formula, as required by the Trade and Globalization Adjustment Assistance Act of 2009, which is part of the American Recovery and Reinvestment ...

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