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U.S. Imposes Big Tariffs On Korean Chipmakers

simoniker posted more than 11 years ago | from the catfish-also-plan-to-sue dept.

Technology 827

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."

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Extreme (0, Troll)

mao che minh (611166) | more than 11 years ago | (#6239611)

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 [slashdot.org]
eetuk [slashdot.org]
ZDNET [slashdot.org]
e-insite.net [slashdot.org]

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 (0)

Anonymous Coward | more than 11 years ago | (#6239621)

All your links are broken, btw.

MOD THIS KARMA WHORE DOWN! (-1, Offtopic)

Anonymous Coward | more than 11 years ago | (#6239627)

FIXED LINKS (4, Informative)

mao che minh (611166) | more than 11 years ago | (#6239628)

I fucked up all the links, damnit. Sorry:

ft [ft.com]
eetuk [eetuk.com]
ZDNET [zdnet.co.uk]
e-insite [e-insite.net]

Re:FIXED LINKS (0)

Gortbusters.org (637314) | more than 11 years ago | (#6239664)

That's what ya get for too much of the Asian chick on the âoeInsight by WebTrendsâ and the subsequent one-handed typing. ;)

Re: FIXED LINKS (3, Funny)

Black Parrot (19622) | more than 11 years ago | (#6239783)


> PS: who else would love to shove their piece up into the Asian chick on the âoeInsight by WebTrendsâ AD that keeps popping up?
...

> I fucked up all the links, damnit

Browsers don't support that kind of 'gesture'.

Re:Extreme (-1, Troll)

Anonymous Coward | more than 11 years ago | (#6239633)

PS: who else would love to shove their piece up into the Asian chick on the âoeInsight by WebTrendsâ AD that keeps popping up?

Looks like someone is already sticking it in the pooper.. what kind of picture is that, not very photogenic

Re:Extreme (-1, Troll)

Anonymous Coward | more than 11 years ago | (#6239670)

Looks like she is getting a rod in the pooper and is gearing up to fist mister Goatse.

+1 Funny

Re:Extreme (0)

Anonymous Coward | more than 11 years ago | (#6239747)

Whilst simultaneously waiting for a bukkake surprise. Ungh.

Quick, Masahiro, get the camera.

Re:Extreme (4, Funny)

jonr (1130) | more than 11 years ago | (#6239691)

What? I am missing some hot chicks because I use Mozilla? WTF is happening? How about posting a image url? :Ãz

Re:Extreme (0)

Anonymous Coward | more than 11 years ago | (#6239696)

Nice broken links, dumbass. And "shove their piece up into the Asian chick" has to win some kind of award for "most awkward attempt to be one of the guys."

Re:Extreme (5, Interesting)

Dr. Spork (142693) | more than 11 years ago | (#6239708)

You know, this got me thinking: Linux evangelists should not be lobbying non-US governments to adopt Linux. There is much more evidence of Microsoft impropriety than there is in the case of Korean SDRAM. So if Bush can levy a 44% tariff, all the governments in the world should impose a 50% tariff on Microsoft products. They could do useful things with that money.

Just like we tax polluting fuels to encourage alternatives, this would have a very positive effect on "alternative" operating systems.

MOD PARENT UP (0)

Anonymous Coward | more than 11 years ago | (#6239733)

Good post, fucked up the links, but he re-posted them.

Re:Extreme (0, Troll)

rsax (603351) | more than 11 years ago | (#6239746)

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.

fp!! (-1, Troll)

Anonymous Coward | more than 11 years ago | (#6239612)

fp for lunix fagz!!!! diediedie..

Oh no! Not the WTO! (-1, Troll)

Anonymous Coward | more than 11 years ago | (#6239620)

They will attack us with their helicopters, tanks and large armies... Oh wait, that's right, they don't have any of those.

Coincidence? (5, Insightful)

dolphin-brother (120776) | more than 11 years ago | (#6239623)

Micron's lobbying wouldn't have anything to do with Micron posting a loss [reuters.com] last quarter, would it? Nah. Of course not.

Re:Coincidence? (1)

LostCluster (625375) | more than 11 years ago | (#6239686)

Why would a money-losing company cheat any more than a money-making company? Afterall, the money-making company is more likely to have succeded at cheating...

Re:Coincidence? (0)

Anonymous Coward | more than 11 years ago | (#6239714)

you can shut up now

Re:Coincidence? (-1, Troll)

Anonymous Coward | more than 11 years ago | (#6239757)

Shut up and put my dick back in your mouth.

Re:Coincidence? (1)

tealover (187148) | more than 11 years ago | (#6239701)

Silly logical deduction. But apropos considering the site where it was posited.

Re:Coincidence? (1)

GoofyBoy (44399) | more than 11 years ago | (#6239812)


Are you suggesting that Micron is going into farming catfish?

North Korea? (-1, Flamebait)

SHEENmaster (581283) | more than 11 years ago | (#6239629)

Why are we focusing on SK and not their commie neighbors?

Will this affect anything more? Motherboard prices? CPU prices? Weapons of mass destruction?

Re:North Korea? (1, Insightful)

Anonymous Coward | more than 11 years ago | (#6239654)

Because focusing on SK makes money in this respect. Focusing on North Korea tends to cost money (and potentially lives).

Re:North Korea? (5, Interesting)

Bonker (243350) | more than 11 years ago | (#6239737)

Korea makes a huge amount of different kind of embedded electronics. For example, they export a huge number of the ATMs in use in the United States. If I remember correctly (and I may not) Chung Ho electronics makes a big perecentage of them. Glory brand ATMs are also manufactured in Korea, IIRC.

You *will* be screwed by this ruling, regardless of where you live. Prices for various electronics will be going up.

Re:North Korea? (1)

Jason1729 (561790) | more than 11 years ago | (#6239770)

You *will* be screwed by this ruling, regardless of where you live. Prices for various electronics will be going up

Even up here in Canada?

This might lower prices as the electronics companies try to unload their excess inventories that were aimed at the US.

Jason
ProfQuotes [profquotes.com]

Yeah, this is Bush's version of "free trade" (5, Insightful)

Dr. Spork (142693) | more than 11 years ago | (#6239634)

I hope you remember to giggle next time when you hear people from this administration talk about "market economics." This is not an isolated case. Take a look a steel tarifs, orange juice, and many other goods whose domestic producers have been loyal Bush lobbyists.

Bush should be trying to stimulate the tech economy. Instead, he's killing the US$ to historic lows, and now this? Pretty weak!

Re:Yeah, this is Bush's version of "free trade" (5, Funny)

jimmy_dean (463322) | more than 11 years ago | (#6239657)

Good one, isolated cases without proof. Not mentioning the number of fantastic things that Bush has done. It's always about "what do I get from the current president?" The man brought much needed integrity back to the presidential position. He is a strong leader in the time of terrorism, war and uncertain economies brought about by Bill Clinton. What more do you want? Nobody's perfect nor sees things your way all of the time. Give the guy a break.

Mod parent up to "Funny" (0)

Anonymous Coward | more than 11 years ago | (#6239690)

I mean, c'mon... he deserves it!

Re:Yeah, this is Bush's version of "free trade" (5, Insightful)

LostCluster (625375) | more than 11 years ago | (#6239730)

I'm not quite sure you can claim Bush brought "integrity" to the office, he did afterall win with a margin of victory so slim it could have been overturned had disputed results in a territory run by his brother gone the other way... there's never going to be a scandal-free president ever again, especially when there's always more than half the nation looking for something to attack.

You can't blame the residents of the White House for everything that goes wrong or assign them credit for everything that goes right. The real world is just a whole lot more complex than that.

Re:Yeah, this is Bush's version of "free trade" (0)

Anonymous Coward | more than 11 years ago | (#6239744)

Why accept this crap at all? Bush may have done some good things but when he's on the side of campaign contributers instead of the american people, he should be called on it. Otherwise politions will continue to make dicisions not in the best interest of the country.

Eventually after a bunch of single term presidents, they might get a clue and we'll have some decent leadership for a change.

Re:Yeah, this is Bush's version of "free trade" (0)

Anonymous Coward | more than 11 years ago | (#6239790)

You are joking, right?

I'll give the fucker a break when he stops promoting fear, stops
killing innocent people and starts acting like a statesman on the
world stage. Do yourself a favor: get your news from somewhere
other than CNN or Fox. I'll start you off http://news.bbc.co.uk.
It's even from a "coalition of the willing" country, you should have
nothing to fear... Bush/Cheny/Ashcroft have not yet said they are
evil.

Re:Yeah, this is Bush's version of "free trade" (5, Interesting)

dpete4552 (310481) | more than 11 years ago | (#6239795)

Let's see, thanks to Bush I've been able to witness a war over weapons of mass destruction (Iraq has WoMD you just can't see them fool), I've been given the honor to go through a POS economy (and don't give me this Clinton set it up crap, the GOP was in office for 6 years before Clinton, and for 6 years the economy crap), the Bush appointed Ashcroft cut the DOJ's budget for the Microsoft case & changed course from justice to slap on the wrist (if you can even call it that), the Bush appointed Ashcroft -- gaining control via the homeland security bill -- put an end to the inconvenient reports filed by the ATF each year that showed the stats of gun dealers in regards to them being caught selling illegally, my state -- along with the vast majority of the states -- are poor as hell now due to tax cuts that lead to a drastic cut in federal funding...

Oh, but this president doesn't get laid, so I guess that should make me proud. Because getting laid is much more shameful than inciting a war that lead to the death of thousands of innocent people (Oh, I think I figured it out, Saddam is using ultra-high tech /invisable/ WoMD!).

Re:Yeah, this is Bush's version of "free trade" (2, Insightful)

de Selby (167520) | more than 11 years ago | (#6239674)

I'm no Bush supporter, but when our major iron competition gets water, electricity and natural gas for free then dump their products here for less than it took to make even with the top three expenses covered, then I don't think we need to question why there are steel tarrifs.

Re:Yeah, this is Bush's version of "free trade" (2, Insightful)

DavittJPotter (160113) | more than 11 years ago | (#6239735)

And I'm no economics major (or even minor, for that matter), but it would seem to me that in a case such as that, a tariff makes sense. If you can make the product cheaper/better/faster with the same access to resources as your competitor, by all means. When an industry is receiving fmajor parts of the machinery or methods that helps to create that product for no charge, then that would seem to create a problem situation. Outsourcing labor to another country cuts costs, sure - but then it leaves a local labor force out of work. And while there are a lot of /.ers around here that don't seem to give a shit about the "American worker", per se, you'll rabidly post about how outsourcing IT makes it really tough for you to find another IT job. So, I guess my point is pick one - either support the economy and help yourself in the long run, or stop bitching about the economy you helped fund - right?

Someone with way more knowledge, please feel free to jump in!

Lower dollar good for US companies... (4, Interesting)

Goonie (8651) | more than 11 years ago | (#6239732)

The USD is way, way, way, overvalued, because of the huge capital inflows to the US, thus making American exporters uncompetitive and American manufacturers in the domestic market uncompetitive with imports. Falls in the US dollar will help restore balance to the US economy. It might be a little hard on US consumers as imported goods get more expensive, but a stimulated US economy is a good thing for the US and indeed the world.

Unless you intend travelling overseas in the near future (and that puts you in a minority of Americans) you should be putting your (American-made) party hats on and celebrating this end to an imbalanced economy.

Re:Yeah, this is Bush's version of "free trade" (4, Insightful)

dafoomie (521507) | more than 11 years ago | (#6239739)

What dickhead modded this flamebait? He makes an excellent point. Some tarriffs are legit, but on others you need only follow the money trail. Great way to treat our "closest ally" in the region, who we're already very unpopular with. If someone put a tarriff on us, we would throw sanction after sanction on them (remember when Japan put a tarriff on us for cars I think in the 90s? And we put about a 100% tarriff on Japanese cars? Fair or not, we did it). Guess the Chinese and Taiwanese plants'll be doing better.

Re:Yeah, this is Bush's version of "free trade" (4, Informative)

Sokie (60732) | more than 11 years ago | (#6239793)

Since the state-controlled banks in South Korea seem to be willing to perpetually forgive, extend, or renegotiate Hynix's tremendously large debt burden, the USA (and EU) are only protecting their companies from unfair competition. The South Korean government is basically subsidizing Hynix through their banks. The headline is somewhat misleading because this tariff (if I understand it correctly) only effects Hynix's products, not all South Korean memory manufacturers (if there are any others) and certainly this doesn't effect Taiwanese manufacturers.

Here's a couple links to Hynix's most recent multi-billion dollar bailout.
http://www.news.com.au/common/story_page/0,4057,57 71168%255E15316,00.html [news.com.au]
http://www.geek.com/news/geeknews/2002Dec/wbc20021 230017953.htm [geek.com]

Re:Yeah, this is Bush's version of "free trade" (5, Interesting)

pi_rules (123171) | more than 11 years ago | (#6239804)

This is not an isolated case. Take a look a steel tarifs, orange juice, and many other goods whose domestic producers have been loyal Bush lobbyists.


I'll bite.

Steel tarrifs are there for a reason. I don't know the current situation in detail, but when NAFTA hit Canada started sucking up the steel business. They were much cheaper than US counterparts. I know this because my own father (we're from Michigan) started buying Canadian steel products because of this. As far as I know the Canadian steel is so much cheaper because the production is subsidized by the government. Canada is a bit more socialist than the US so the taxpayers foot the bill in getting industries the help they need. Result is that it's cheaper for us than US products.

Things like NAFTA are fair only when employers are playing on the same ground across countries and that just doesn't happen in this economy. US employers are -strapped- with taxes that other countries just don't see and sure as hell aren't helped out by the government. Save the "what about Enron" combacks too -- I'm talking about good honest businesses. We're fucked in a global economy.

Business as usual (5, Insightful)

SAN1701 (537455) | more than 11 years ago | (#6239636)

Demand free trade to 3rd world countries, close the internal market. Nothing to see here.

Perhaps this 44% will offset a tiny part (3, Interesting)

Chuck Chunder (21021) | more than 11 years ago | (#6239736)

of the 190 billion [www.cbc.ca] in subsidies the American Government will be passing out to farmers over the next ten years.

Re:Perhaps this 44% will offset a tiny part (0, Flamebait)

tealover (187148) | more than 11 years ago | (#6239762)

Farmers all over the world are subsidized. It's in their interest to ensure that farming is a viable industry. Therefore I have no problem with that. In fact, I wish they subdized them several hundred billion more. I will contact my congressman on this soon.

Thanks.

Re:Perhaps this 44% will offset a tiny part (1)

ChilyWily (162187) | more than 11 years ago | (#6239794)

Yeah and make sure that you ask that those subsidies actually reach the people their supposed to protect (i.e. the farmers) - what good is a subsidy to ADM (formerly 'supermarket to the world')?

Re:Perhaps this 44% will offset a tiny part (1)

tealover (187148) | more than 11 years ago | (#6239809)

I have no interest in ensuring anything of the sort. As long as goes to the industry in general, I am all for it.

prosy fist (-1, Offtopic)

integral_anomaly (676871) | more than 11 years ago | (#6239642)

frosty piss

Re:prosy fist (-1, Troll)

Anonymous Coward | more than 11 years ago | (#6239671)

Nope. Not even close. YOU FAIL IT!

Nice job gubment (1)

Soporific (595477) | more than 11 years ago | (#6239644)

Gee, thanks. I hated paying $20 for a stick of PC2100, I'd much rather spend another 44% for the same unit...

~S

Well (5, Insightful)

7x7 (665946) | more than 11 years ago | (#6239645)

If the U.S. is going to get itself involved in the WTO, it should learn to play by it's own rules. Free trade? Or free trade only when it's good for us?

Re:Well (1)

tealover (187148) | more than 11 years ago | (#6239715)

Why should the U.S. allow trade with another nation only when it's good for them? That would be idiocy.

Re: Well (4, Insightful)

Black Parrot (19622) | more than 11 years ago | (#6239741)


> Free trade? Or free trade only when it's good for us?

For a curious conception of 'us'.

Re:Well (5, Insightful)

afidel (530433) | more than 11 years ago | (#6239754)

Because the South Korean government has repeatadly propped up a dying company that dumps product onto the market below cost? This is generally considered a bad thing and if we can get rid of the last vestiges of this type of protectionism (all countries are guilty of it to some degree, the Americans subsidize their farmers as do the French, etc) then maybe free trade might eventually become a reality, but as long as one country is proping up some sectors and allowing them to undercut the rest of the market free trade without sanctions is kind of a pipe dream.

You mean good for Bush, this isnt good for us. (1)

HanzoSan (251665) | more than 11 years ago | (#6239755)



Bush should be focusing on keeping our jobs from going to india, whats korea have to do with that?

Re:Well (1)

HBI (604924) | more than 11 years ago | (#6239802)

Dumping sucks, particularly when it is dumping via government subsidy.

Pick the right issue, the US is dead right on this one. If a foreign government insists on giving an economic advantage to one of its industries, we reserve the right to tariff the goods into oblivion.

If we did it, the same would apply in reverse.

Re:Well (3, Insightful)

Dr. Bent (533421) | more than 11 years ago | (#6239806)

Oh yeah right, typical Slashdot M.O.

1) Blame America
2) Read article*

(*)This step is optional, and not recommended if trolling for karma.

In the first sentence of the article, it says the tariff is in reponse to subsidies provided by the Korean government. The U.S. is re-balancing the field, and is more than entitled to impose a tariff on a subsidized product when it competes with products made in the U.S.

oralse.cx (-1, Offtopic)

Anonymous Coward | more than 11 years ago | (#6239649)

Dear rotten.com,

I am unsure if you are aware of the problems that your "Incident with the bird" picture has caused on the popular technology website slashdot (http://slashdot.org).
Many users of this site's messageboards are posting links to http://smoke.rotten.com/bird/ [rotten.com] and making text based representations of a bird on a man's penis. Frankly, while I am pro-freedom, this type of photo sickens me. Could you please move the location of the bird page on your site to keep slashdot readers from seeing things that are completeley unrelated to computers and technology? I'm not asking you to remove the content, just to relocate it.
FYI the text representation of the bird is:
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p______...___________________________p
e____(_..__`'-.,--,__________________e
n_____'-._'-.__`\a\\_________________n
i_________'.___.'_(|_________________i
s____________7____||_________________s
b___________/___.'_|_________________b
i__________/_.-'__,J_________________i
r_________/_________\________________r
d________||___/______;_______________d
*________||__|_______|_______________*
p________`\__\_______|__/__''\_______p
e__________'._\______/.-`____{}|_____e
n___________/\_`;_.-'_________/______n
i___________\_;(((____.--'\_/________i
s_________.(((_____.-;\______________s
b____.--'`_____,;`'.'-;\_____________b
i_taco's____.'____'._.'\\____________i
r_dick_--'_________|__\_|____________r
d__________________\_\,_/____________d
*p_e_n_i_s_b_i_r_d_p_e_n_i_s_b_i_r_d_*

with a link to the offensive site (http://smoke.rotten.com/bird/ [rotten.com] ) underneath, these "Penis Birds" are posted by Penis Bird Guy, Penis Bird MAN and several other users.
Regards, Andrew J. Tosh


This post brought to you by the Goatsemon Music Group Mirror [nero-online.org]

It's About Time (-1, Flamebait)

tealover (187148) | more than 11 years ago | (#6239655)

The South Koreans must be eating some really strong kimchi to think that they can get away with competing illegally with the nation that gaurantees their very freedoms. Once the U.S. pulls out of the DMZ and pulls its forces entirely out of S. Korean, allowing N. Korea to invade them, they'll realize how foolish they were.

Re:It's About Time (0)

Anonymous Coward | more than 11 years ago | (#6239782)

WTF? This is what's going on.

Club stomped upon (4, Insightful)

canuck_wingnut (319719) | more than 11 years ago | (#6239656)

Sombody took a cue from the dorks trying to destroy the Canadian lumber industry, I see.
Korea, welcome to the club.

------------------
"nosce te ipsum"
------------------

Re:Club stomped upon..Free Trade for everyone! (0)

Anonymous Coward | more than 11 years ago | (#6239789)

What did South Korea do to deserve this? They must have signed a Free Trade agreement with the USA. Just like Canada, the USA drops a heavy tarriff on the product or resource they can't compete with. When the USA does this enough times and piss off all of the world and the world refuses to deal with them, their empire will crumble.

Got something to sell cheaper than the USA? Does your country have laws that contrevene what the USA laws have? You MUST be a terrorist!!

MTF (3, Informative)

bazabba (669692) | more than 11 years ago | (#6239660)

MakeTradeFair.com [maketradefair.com]

GET NIGGER COCK IN YA (-1, Offtopic)

Anonymous Coward | more than 11 years ago | (#6239663)

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"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."

Hmmm Big Bad U.S Government (2, Insightful)

badman99 (674229) | more than 11 years ago | (#6239666)

Just another example of the hypocritical U.S Government. They constantly scream they are all for free trade yet when things arn't going their way, they the scales in their favour. Hopefully this won't spark a trade war........

Worst part is tariff goes directly to Micron (5, Interesting)

Anonymous Coward | more than 11 years ago | (#6239672)

as per US tariff trade law. Just the same way that US steel and lumber tariffs to US steel companies and US lumber companies respectively. Basically this means that the comsumer pays for the inefficiency of these firms, and those same inefficient firms get rewarded for their lack of productivity. Wacky system. Let he with the most lobbying money win.

Re:Worst part is tariff goes directly to Micron (0)

Anonymous Coward | more than 11 years ago | (#6239758)

Here are more details [floridafarmers.org] on the US tariff subsidy law. (reprint from Wall Street Journal).

Re:Worst part is tariff goes directly to Micron (5, Insightful)

afidel (530433) | more than 11 years ago | (#6239772)

Micron is NOT inefficient, in fact they are one of the more healthy memory makers, it's just that they can't compete with a government propped business that dumps chips below production costs. The EU is not very happy about Hynix either so it's not just the American's protecting a weak company.

Re:Worst part is tariff goes directly to Micron (1)

LostCluster (625375) | more than 11 years ago | (#6239803)

Just like the way that the courts award judgment money to the to the winnig plantiffs instead of collecting that ill-gotten gain as tax money... This tariff is going in because Hynix didn't play fairly under the rules of International trade, and that hurt Micron.

And no, this isn't just an American thing, Hynix is getting called for the same foul in the EU too...

Tariffs are wrong... (5, Interesting)

Sri Ramkrishna (1856) | more than 11 years ago | (#6239675)

I see that the U.S. government is continuing it's slide into the corporate welfare government. Corporations don't need welfare and protection. If they can't compete, get the fuck out or find a new business plan.

Maybe that means that Micron needs put a plant in Korea or something. I don't know. But as a consumer I want the lower prices, it makes me want to go and buy more memory. I don't see my government acting in my favor here.

sri

Re:Tariffs are wrong... (3, Insightful)

tealover (187148) | more than 11 years ago | (#6239743)

So then you don't have problems with flooding the market with undervalued products to eliminate competitors.

Microsoft will be glad to know the Open Source community has come around to its way of thinking.

Thanks.

stocks, and things (1)

pavera (320634) | more than 11 years ago | (#6239678)

well all I can say is I'm glad I own stock in MU. :) have a nice day

Re:stocks, and things (1)

LostCluster (625375) | more than 11 years ago | (#6239756)

Hope you've owned it for a while.

This news was not exactly a shocker. In fact, it's actually bad news stock-wise because the tariff wasn't quite as strong as previously affected. The news was already priced-in because the market reacts to the word that the government is starting the to do something rather than when they actually get around to doing it.

This is bad... (5, Insightful)

leviramsey (248057) | more than 11 years ago | (#6239679)

This gives Micron carte blanche to raise their prices by 44%, which while it may save a few jobs in Idaho, will ultimately cost even more jobs at US companies that buy memory (think the likes of Dell and so forth).

Tariffs BAD! Free trade GOOD!

Re:This is bad... (1)

tealover (187148) | more than 11 years ago | (#6239780)

I didn't know Micron would get the money. That's great news. Since they're the ones that have been aggrieved by the South Korean government's unfair subsidy to Hynix.

Good news.

Our Wonders (2, Insightful)

Anonymous Coward | more than 11 years ago | (#6239681)

These are the wonders that show how god damn corrupt we really are. Anyone with the slightest understanding of economics understands the problem: yeah, all you people loose ... but Micron gains, so they lobby. It's a shame that in 2003 we still fight wars and impose tariffs. No hope left...

Korean Chimpmonkey balls are juicy (-1, Troll)

Anonymous Coward | more than 11 years ago | (#6239682)

all the way through suck fest

The *US* complains of Foreign Subsidies? (5, Insightful)

Anonymous Coward | more than 11 years ago | (#6239697)

US government imposes tariffs due to foreign subsidised business selling into the US market.

Pot calls kettle black.

The US government is the worst offender on Earth with subsidising industries to kill foreign competition.

Is the free market being peddled by the US so hard to implement on their own shores? Do they hate others using their own tactics against them?

Took a while to arrive (5, Informative)

red_dragon (1761) | more than 11 years ago | (#6239702)

This tariff has been in the air for Hynix for a few months now. They're getting it easier than originally proposed: the tariff was originally 57%. [theregister.co.uk] Also, the US is not the only one sticking it to the Koreans: the European Commission smacked them with a 37% duty [theregister.co.uk] too.

catfish-also-plan-to-sue dept. ??? (2, Funny)

DogIsMyCoprocessor (642655) | more than 11 years ago | (#6239704)

Why? So they can be fried instead of eaten raw?

Boycott (0, Troll)

Anonymous Coward | more than 11 years ago | (#6239706)

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).

I doubt this will be popular... (4, Insightful)

Chalst (57653) | more than 11 years ago | (#6239709)

I don't suppose too much of the US computer industry will be happy about this, seeing as it is bound to drive up prices when the sector is on the edge...

Organi what? (0)

Anonymous Coward | more than 11 years ago | (#6239713)

"Both the catfish ruling and the computer chip decision will not become final until the U.S. International Trade Commission rules on July 31 on whether American companies are being significantly harmed by the foreign competition."

A bit early to be worrying, but if I couldn't spell "organization" I might have problems reading as well.

Re:Organi what? (1)

sn00ker (172521) | more than 11 years ago | (#6239774)

It's nothing more than window-dressing.
The US has imposed tariffs against NZ lamb and NZ steel in recent times. The lamb tariff has been slapped down by the WTO as illegal, despite the US ITC ruling that it was legit. The steel tariff is currently being appealed and it's expected that it will also be smacked down.
It makes me laugh to see "US" and "free trade" in the same sentence, unless they're there as an example of incompatible terms.

Just like Canadian Softwood. (5, Insightful)

Red Meanie (672769) | more than 11 years ago | (#6239717)

The US is doing exactly the same thing to BC. If a non-US market is more competitive than an American producer, the American government slaps a huge tariff.

Exactly the same thing happened with Canadian softwood lumber even though we have a supposed free trade agreement. It'll go to the WTO, the S. Koreans will win but that'll take years. In that time, their industry is crippled.

Re:Just like Canadian Softwood. (0)

Anonymous Coward | more than 11 years ago | (#6239800)

More like "if a foreign government gives taxpayer dollars to an uncompetitive industry in violation of free trade practices, the US applies a corrective measure until the rogue government gets back in line and has to deal with the true cost of its market rigging."

Mostly good (4, Informative)

afidel (530433) | more than 11 years ago | (#6239726)

Although this will result in somewhat higher prices in the short term it should result in the long term viability of the market. Hynix has been illegally propped up by their government many times and their ability to sell products below cost just weakens the entire sector. Add to that the fact that the union blackmailed the company into not accepting a takeover bid from a company that might have actually turned em around and I doubt that the WTO will do much to the Americans.

Re:Mostly good (0)

Anonymous Coward | more than 11 years ago | (#6239764)

I hate to flame, but you just have to know how stupid that post is. You fool yourself just like the politicians. Tariffs don't result in long term viability. If they are selling below cost, clearly someone else must be doing it more efficiently... so let them do it!

Re:Mostly good (2, Informative)

afidel (530433) | more than 11 years ago | (#6239797)

Hynix is NOT doing it more efficiently, they are selling below THEIR cost, they are losing money hand over fist, the only reason they aren't bankrupt is that the South Korean government won't let it happen. This is a remedy to an uneven playing field created by the South Korean government that is afraid to lose all of the jobs that Hynix represents. It's not like the American's are alone in this, the EC slapped a 37% tarrif on Hynix, almost exactly the same amount.

NO, Not the Catfish!! (0)

Anonymous Coward | more than 11 years ago | (#6239727)

I can barelly afford to feed my lepar fish heads once a week as it is! Now what am I left to do? My evil empire will surelly crumble without a mostly-fed army of lepars!!

Again? (1)

ewhac (5844) | more than 11 years ago | (#6239728)

Isn't this, like, the fourth time (at least) that Micron has gone whining to the Feds about their products being undercut by foreign competitors? The first time I recall them doing this (back in the mid 1980's), their DRAMs were $#!+. At least this time, they have a product that's well worth buying.

I always wondered if the protective tariffs gave them the breathing space they needed to get their asses in gear. So I don't know quite how I feel about this.

Schwab

Corruption. (4, Insightful)

YahoKa (577942) | more than 11 years ago | (#6239731)

Welcome to the invisible corruption. The consumer now supports micron to be inefficient, and looses out big time. If Korea was subsidizing their DRAM makers, we should be happy: That would mean their tax payers are paying for us to have cheap memory. However, since Micron gains with the tariffs, the gains are concentrated to one company and they lobby (probably pay) government officials for the tariffs. Such a shame, because it happens much more than we know about; this is on slashdot because it is about DRAM. If only everyone could see ...

Re:Corruption. (0, Flamebait)

tealover (187148) | more than 11 years ago | (#6239798)

If Hynix can't compete on the same grounds, it shouldn't be allowed to trade. As such, 44% tariffs seem inadequate. It should be on the order of 150 - 200 %.

Way to go Commerce Department. Continue to smack down these incompetents.

Daisy, Daisy.... (2, Funny)

djupedal (584558) | more than 11 years ago | (#6239752)

Samsung,
Samsung,
sell me some dram please.

I use Samsung,
and I pay just the price that I please.

There are no lousy tariffs,
to mess with me or the Sheriff.

So up the price,
for Hynix rice,
and I'll go on my way like the brezzeeeeee!

Hoard the Catfish (1)

alakon (657771) | more than 11 years ago | (#6239769)

Vietnam had captured 20 percent of the $590 million U.S. frozen catfish fillet market by selling at prices below the cost of production.

Better hoard the catfish? The article says it is all false advertising. Actually, "catfish" is not getting a tariff, but a type of fish called "basa." How relevant...

Correct me if i'm wrong ... (2, Interesting)

jrl87 (669651) | more than 11 years ago | (#6239779)

but isn't this essentially what caused the Boston Tea Party. I know that the markets have to be regulated to some extent, but the government should not be allowed to grant a monopoly or break up a monopoly (unless it was formed illegally) that was built from the ground. And that is basically what they are doing, even if it doesn't seem like it now but it is a real possibility in the future.

The rules of the game are there are no rules (2, Insightful)

Anonymous Coward | more than 11 years ago | (#6239784)

Why is everyone siding with the subsidized competition? If the Korean government is giving money to Hynix, then they are clearly not playing by the rules of free trade--so why should Micron? Until the Koreans get in line and stop giving taxpayer dollars to their own corporations so they can dump products here*, there is no reason for the US to let them get away with it. The US is only counteracting Korea's unfair practices until it stops this action. I applaud this move. It will force the Korean government to get in line with the global free market, at which point, the tariff will be dropped, and the market will be free to correct itself.

* just like Japan did with automakers back in the 1980s, look what happened when they finally gave in to free trade--their market had to correct itself

Phaeton Sez (0)

Anonymous Coward | more than 11 years ago | (#6239787)

Whew... good thing i'm done buying computer equipment for the next 5 years!

Sorry everyone else :o(

If it makes you feel any better i got bit by the capacitor-blowup situation no less than 3 times in the last year

Hey, great... this worked so well the last time! (5, Interesting)

Anonymous Coward | more than 11 years ago | (#6239791)

From Cringely's "Accidental Empires": [amazon.com]

In 1975, Japan's Ministry for International Trade and Industry had organized JApan's leading chip makers into two groups-- NEC-Toshiba and Fujitsu-Hitachi-Mitsubishi-- to challenge the United States for the 64K DRAM business. They won. By 1985, these two groups has 90 percent of the U.S. market for DRAMs. American companies like Intel, which had started out in the DRAM business, quit making the chips because they weren't profitable, cutting world DRAM production capacity as they retired. To make matters worse, the United States Department of Commerce accused the Asian DRAM makers of dumping-- selling their memory chips in America at less than it cost to produce them. The Japanese companies cut a deal with the United States government that restricted their DRAM distribution in America-- at a time when we had no other reliable DRAM sources. Big mistake. Memory supplies dropped just as memory demand rose [OS/2 had created a need for RAM] , and the classic supply-demand effect was an increase in DRAM prices, which more than doubled in a few months. Toshiba, which was nearly the only company making 1 megabit DRAM chips for a while, earned more than $1 billion in profits on its DRAM business in 1989, in large part because of the United States government.

This is another example of freedom and democracy (5, Informative)

confused philosopher (666299) | more than 11 years ago | (#6239805)

Actually it is an example of pig headedness. If the US market breeds unfair competition, then it should rethink its business model instead of imposing large and/or illegal tarrifs.

Did you know that the US thinks the Canadian Wheat Board subsidized farmers off the books, to sink American farmers, and so Canadian farmers are being unfairly abused by the American market.

Or how about the illegal [as the WTO ruled] tarrif on Softwood lumber?

Or how about the Mad Cow related Canadian beef ban, when the cow has ties to Montana, USA?

Double standard? You bet.

In Other News... (3, Insightful)

BiggerIsBetter (682164) | more than 11 years ago | (#6239808)

Hynix announces high volume trade agreement with major EU computer retail chains. Maybe. If the US doesn't want cheap good stuff, other countries will be happy to take it.

This sort of carry-on is why many countries no longer give a toss about "free trade" agreements with the US - they're not worth the paper they're written on if the gubment feels so inclined.

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