Which section of the Omnibus Trade and Competitiveness Act recognizes that foreign penetration of U.S. markets can cause serious competitive pressure, loss of market share, and, occasionally, severe financial harm?
A) The market access section
B) The export expansion section
C) The import relief section
D) The foreign exchange regulation section
E) The trade deficit section

Question

Quizplus · Accepted Answer

Recognizing that foreign penetration of U.S. markets can cause serious competitive pressure, loss of market share, and, occasionally, severe financial harm, the import relief section of the Omnibus Trade and Competitiveness Act provides a menu of remedies for U.S. businesses adversely affected by imports.

Which Section of the Omnibus Trade and Competitiveness Act Recognizes