12 June 2024
3,500 US companies sued the Trump administration for imposing tariffs on China 0

3,500 US companies sued the Trump administration for imposing tariffs on China 0

(Dan Tri) - About 3,500 US companies have sued President Donald Trump's administration for imposing tariffs on more than 300 billion USD of goods produced in China.

(Dan Tri) – About 3,500 US companies have sued President Donald Trump’s administration for imposing tariffs on more than 300 billion USD of goods produced in China.

US President Donald Trump (left) and Chinese President Xi Jinping.

According to Reuters, among about 3,500 companies suing President Donald Trump’s administration in the past two weeks, there are large corporations such as Tesla, Ford Motor, Target, Walgreens, and Home Depot.

The lawsuits were filed with the Court of International Trade in the US, suing US Trade Representative Robert Lighthizer and the Customs and Border Protection Department.

Companies sue the Trump administration forĀ illegal escalation of the US-China trade war through the third and fourth rounds of tariffs on more than $300 billion of goods made in China

The lawsuit from various companies claims that the Trump administration did not impose tariffs within the required 12-month period and also did not comply with administrative procedures.

According to a lawsuit filed by auto parts manufacturer Dana Corp, the companies sued over the impact of the `unlimited` trade war, implemented by the Trump administration, on billions of dollars of imported goods from China.

The petitions object to the imposition of taxes on two separate groups known as List 3 and List 4A.

One lawsuit claims that the Trump administration has not expanded tariffs to other Chinese imports because of unfair intellectual property practices and policies.

The list of companies suing the Trump administration this time also includes heavy truck manufacturer Volvo Group North America, American auto parts retailer Pep Boys, clothing company Ralph Lauren, and guitar manufacturer Gibson Brands.

According to the Guardian, a series of large auto manufacturing corporations such as Tesla, Volvo, Ford and Mercedes-Benz have all filed separate lawsuits, asking the Trump administration to end the imposition of tariffs on components and products imported from the US.

Tesla believes that the tariffs imposed on parts imported from China are `arbitrary, capricious, and an abuse of power`, demanding both refunds and interest from the government.

Currently, the US Trade Representative’s office has not responded to the above information.

Previously, a panel of experts led by the World Trade Organization’s (WTO) Dispute Settlement Body ruled on September 15 that the US imposition of tariffs on more than 200 billion USD of Chinese goods in September

This WTO ruling supports China’s stance that US tariff policies violate global trade regulations because these tariffs are higher than the commitments made by the US and only target China.

Meanwhile, the Trump administration declared that imposing tariffs is necessary to deal with China’s violation of intellectual property rights and forcing American businesses to transfer technology.

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