According to U.S.trade law, the escape clause provides relief to U.S.firms that experience unfair foreign competition.

Name: According to U.S.trade law, the escape clause provides relief to U.S.firms that experience unfair foreign competition.
Brand: Quizplus
Rating: 4.8 (60 reviews)

Question

Quizplus · Accepted Answer

The escape clause, also known as Section 201 of the Trade Act of 1974, allows domestic industries to seek temporary relief from imports that cause or threaten to cause serious injury, regardless of whether the competition is considered "fair" or "unfair."