The President is authorized, pursuant to Section 203 of the Trade Act of 1974, to restrict imports of a commodity when these imports are the principle cause of injury to United States firms producing the same article. In such an "escape clause" proceeding, the President is to take into account, inter alia, "the effect of import relief on consumers... and on competition in the domestic markets for such articles."
Benjamin I. Cohen,
A Method for Analyzing the Effect of Competition on Restricting Imports,
Nw. J. Int'l L. & Bus.