Statement of U.S. Senator Ron Wyden Regarding U.S.
Department of Commerce Tariff Determination for Hynix
June
17, 2003
Today’s decision by the U.S. Department of Commerce to set
an unreasonably high tariff rate in the Hynix case is very disturbing.
I’m deeply disappointed that an agency created to promote
trade and economic development has instead chosen to endanger the
jobs of more than one thousand Oregonians through this action.
I spoke with the U.S. Secretary of Commerce last week to urge
him to set the lowest possible tariff rate in this case. In making
my case for a low tariff rate, I told the Secretary that the economy
and people of Eugene are already hurting, and that with unemployment
so high it wouldn’t make sense for the Commerce Department
to allow more damage to Eugene’s economy by recommending a
high tariff figure on Hynix imports. In addition to protecting Oregon
jobs, I thought it was important for the Department to set the lowest
possible tariff rate so the folks in Eugene know their government
is doing all it can not to make a bad situation worse.
Fortunately the fight is not yet over. The International Trade
Commission, which will determine whether the tariff is applied and
for how long, will hold a hearing on June 24 to assess whether Hynix
has done damage to the U.S. industry. I will testify at that hearing
to ensure that the Commission understands the economic hurt the
people of Oregon are experiencing. I want the Commission to appreciate
that their decision is not an abstract theoretical discussion of
trade policy, or an academic case study of macroeconomics, but that
real jobs and real lives are on the line with this decision.
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