U.S. Imposes Big Tariffs On Korean Chipmakers

dipfan writes "This is serious - the U.S. government has decided to levy steep import tariffs on South Korean computer chips (and Vietnamese catfish). The result is a 44 percent tariff on DRAM semiconductors made by Hynix. The case was brought by Micron Technology on the grounds that the South Koreans were receiving unfair subsidies. Hynix says the tariff is 'outrageous', and the South Koreans plan to appeal to the World Trade Organisation."

Comments

Extreme

[mao che minh]

44% is more then a bit extreme. It was not determined by anyone except the US government that this move resulted in a monopoly of any kind. Granted, this tariff only applies directly to our market (though it certaingly influences all markets) â" nonetheless, caution and some form of open dispute should be exericised first, especially in the precense of a WTO.

Other links:

ft.com
eetuk
ZDNET
e-insite.net

PS: who else would love to shove their piece up into the Asian chick on the âoeInsight by WebTrendsâ AD that keeps popping up? Also, that âoeOracle makes Linux unbreakableâ AD is annoying. They ain't do shit but make a partnership with Red Hat.

Re:Extreme

[rsax]

Sorta like how the US govt decided on its own (eventhough it's supposedly part of the WTO) that Canadian wheat is overly subsidised and placed absurd tariffs on all Canadian wheat imports.

Boycott

[Anonymous Coward]

All Micron Technology and Crucial memory. Micron must not have expected the Bush admistration to so blindly apply such a backstab. This should show other ppl not to sue ppl (RIAA type).

Re:Nice job gubment

[tealover]

Fuck the rest of the world. I want the U.S. government to smack down silly companies like Hynix and I also want to them help American compete by any means, whether that includes snooping by the CIA and NSA and sharing information with American companies.

Basically, I accept anything and any behaviour by the American gov't to benefit American companies and people. I don't really care if a few gooks or toothless Canadians lose their jobs.

Econimic Terrosim

[Anonymous Coward]

anyone heard of Econimic Terrosim?
Its the Thing the USA does to much of the world..
and then has the gall to wounder why they are so hated? lol

What the USA is doing to south Korea in not unique, The USA doing the same thing to many onther countries in the world, tarrifs on a wide Viraty of goods for mostly made up reasons...

Then let the EU put tariff on...

[aepervius]

US Farmer product US steel product US wood exports US airline wanting to land on EU ground Etc... Etc... Etc... I am sick of the rethoric "X in the 3rd world is giving illegal subside ! Let us impose tariff !" hollier than you, when the US is doing it on many of its own industry.

You Would Say That, Wouldn't You?

[Hideyoshi]

Afterall, who wants to lose his job and investments? But that doesn't mean the rest of the country ought to help subsidize your employment.

The reality is that:

• DRAMs are a commodity, and as such provide very little value-added. There is no good reason why the U.S. has to have a domestic manufacturer of DRAM.
• The way in which U.S. antidumping laws operate makes even the most frivolous claims likely to succeed, so the fact that Micron has managed to obtain a ruling on its' behalf proves squat about the truth of its' complaint.

For those who want to understand the sordid reality behind the claims of "unfair" competition, and how rigged the system is against foreign manufacturers, I recommend the following paper:
Antidumping 101: The Devilish Details of "Unfair Trade" Law

Re:You mean good for Bush, this isnt good for us.

[HanzoSan]

Yeah and Bill Clinton did not have sexual relations with that woman.

Dude stop making up stories, the WMD were most likely destroyed, theres not a trace of it left. What river are you talking about? Americans dont care anymore? You mean Americans who are republicans dont care, everyone else does care.

I'm indepedent, I dont trust Bush, I never did, I dont trust any politician, Bush has ruined any chance that I'll trust him by being suspicious.

I know Clinton lied, and Clinton was almost Impeached for it, now its Bush's turn.

We agree on one thing, the current Admin is not doing their job. You are a republican but even you know by now that Bush is no Ronald Reagan.

What Bush is doing is pretending to be a conservative when actually hes not, he increased spending through the roof, hes just giving money away to Africa, and all these other countries, 15 billion and other huge numbers. Hes actually given tax cuts, but these tax cuts arent going to help the economy because he gives most of these cuts to big business, the same big business busy hiring your good buddies in India.

So by giving a tax cut to big business hes giving more of our jobs to India. Then he does something like this, which makes absolutely no sense, does something like this to protect one really small sector like this, it doesnt make any sense. I'm not saying its bad, I'm saying he isnt doing this for the right reasons or on a large enough scale.

Korea? Yyyeah.

[fire-eyes]

Any system or router I admin blocks this: 211.0.0.0/8 .

Fuck Korea. Ricer picker security, as I once heard it called.