Americans are all too familiar with the damage caused to U.S. industries by Japanese cars, Brazilian shoes, Chinese textiles and other consumer imports. Now a new report released by the Joint Economic Committee of Congress shows that America's proud high-tech companies, which accounted for 43% of all U.S. exports as recently as 1984, are facing a similar fate. According to the study, the U.S. trade surplus for such advanced products as computers, communications equipment and scientific instruments has plummeted from $27 billion in 1980 to just $4 billion last year. The study, titled "The U.S. Trade Position in High Technology: 1980-1986,"...
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