The Economic Development Administration (EDA) has announced that it received petitions from several firms requesting Trade Adjustment Assistance due to increased imports affecting their businesses. The EDA is investigating whether these imports have led to job loss or reduced sales for these firms. Interested parties can request a public hearing on the matter by contacting the EDA within ten days of this notice. The process follows guidelines outlined in the Trade Act of 1974.
Simple Explanation
The government is checking to see if some businesses in the U.S. are losing jobs or selling less because of goods coming from other countries. They're figuring out if these businesses need help to get back on track.