ANTITRUST AND PROBLEMS OF ADJUSTMENT IN DISTRESSED INDUSTRIES

When foreign imports soar, American firms and American industries frequently suffer. In a typical scenario, foreign imports come to account for an increasing share of total United States sales, demand for products of individual United States firms declines, firm and industry overcapacity leads to increased unit costs, and this in turn leads to further declines in United States sales volume. Eventually, United States firms are threatened with losses and even bankruptcy.