Question

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 possibly severe financial harm?

Answer 1

The section of the Omnibus Trade and Competitiveness Act that recognizes the impact of foreign penetration of U.S. markets is Title I - Trade Policy and Negotiations.

Step-by-step explanation:

The section of the Omnibus Trade and Competitiveness Act that recognizes the impact of foreign penetration of U.S. markets is Title I - Trade Policy and Negotiations. This section acknowledges that foreign competition can cause serious pressure on domestic businesses, leading to loss of market share and potential financial harm.