If Congress wants more trade, there’s a bill to pay ...Middle East

The 2023 omnibus appropriations bill, which passed in December, included $500 million in funding for the Trade Adjustment Assistance (TAA) program but apparently lacked the actual authorizing language. TAA helps workers displaced by the effects of international trade to retrain and upgrade their skillsets and can help extend unemployment insurance. As Congress tries to figure out whether the program’s operations will be renewed during the current fiscal year, more than 24,000 workers who have applied are in the lurch. Trade expands the economy, but the benefits are not equally distributed. It can be what economists call “Pareto efficient”: Everyone is at least as well off as they were

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