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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (40160)	10/19/1998 11:57:00 AM
From: DJBEINO	Respond to of 53903

U.S. Govt Concerned Industry May Suffer From Cheap Imports Bloomberg News October 19, 1998, 2:03 a.m. PT Washington, Oct. 19 (Bloomberg) -- U.S. administration officials are concerned other U.S industries may suffer from rising imports after the steel industry filed legal cases against Japan, Russia and Brazil, charging they are selling in the U.S. at unfairly low prices, the interactive edition of The Wall Street Journal reported, citing various sources. Mark Levinson, chief economist for the Union of Needle Trade, Industrial and Textile Employees (UNITE), sees the first signs of cheap textile imports, particularly from Indonesia, the edition said. James Mack, vice president for government relations for the Association for Manufacturing Technology, said many precision machine tools from Taiwan and South Korea that were shipped to the U.S. earlier this year and stored in warehouses are being taken out of inventory and sold; an unnamed senior Clinton administration official worries the semiconductor industry could be another victim of an import surge if global instability increases, though the industry's trade association said it hasn't seen clear signs of that problem, the edition reported. Micron Technology Inc. won language in the $500 billion 1999 budget agreement that seeks to prevent the International Monetary Fund from financing South Korean computer chipmakers accused of dumping their products in the U.S.