• By The Financial District

3,500 US FIRMS SUE GOV’T OVER HIKED TARIFFS ON CHINA-MADE GOODS

About 3,500 US companies, including Tesla Inc., Ford Motor Co., Target Corp., Walgreen Co. and Home Depot have sued the Trump administration in the last two weeks over the imposition of tariffs on Chinese goods valued at more than $300 billion, David Shepardson reported for Reuters.

The suits, filed in the US Court of International Trade, named US Trade Representative Robert Lighthizer and the Customs and Border Protection agency and challenge what they call the unlawful escalation of the US trade war with China through the imposition of a third and fourth round of tariffs. On Sept. 15, the World Trade Organization (WTO) found the US breached global trading rules by imposing multibillion-dollar tariffs in Trump’s trade war with China.


The legal challenges from a wide variety of companies argue the Trump administration failed to impose tariffs within a required 12-month period and did not comply with administrative procedures. The companies challenge the administration’s “unbounded and unlimited trade war impacting billions of dollars in goods imported from the People’s Republic of China by importers in the United States,” according to a suit filed by auto parts manufacturer Dana Corp.


The suits challenge tariffs in two separate groups known as List 3 and List 4A.” List 3 includes 25% tariffs on about $200 billion in imports, while List 4A included 7.5% tariffs on $120 billion in goods. One suit argues the administration cannot expand tariffs to other Chinese imports “for reasons untethered to the unfair intellectual property policies and practices it originally investigated.”



The Financial District would like to learn more from its audience. Can you please give us feedback on this article you just read. Click Here to participate in our online survey.