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Hundreds of US companies join Tesla to challenge Trump’s trade war tariffs
Lawsuits against the Trump administration have piled up over the last fortnight as some 3,500 American firms, including auto majors, retailers and pharmacies, were reported to challenge US tariffs on billions of Chinese goods.
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The suits, filed by a wide range of companies in the US Court of International Trade in New York, seek to declare unlawful the latest rounds of levies on Chinese products imposed by Washington amid a wider trade dispute with Beijing. According to a Reuters report citing the filings, they name the US trade representative, Robert Lighthizer, and the Customs and Border Protection agency as defendants.
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Some of the companies accuse the Trump administration of waging an “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,” while others point at officials’ failure to comply with administrative procedures and impose tariffs within a required one-year period Many industry leaders and some of the biggest US corporations included on the S&P 500 index are now challenging the tariffs. In addition to electric carmaker Tesla, which is seeking a cancellation of tariffs along with a refund for duties already paid, other big-name producers such as Ford, Mercedes-Benz and Volvo are suing the US government. The long list of plaintiffs, totaling around 3,500 according to Reuters, also includes the operator of major US pharmacy store chain Walgreen, retail firms from various spheres such as Pep Boys, Home Depot and Target Corporation, as well as clothing company Ralph Lauren and guitar manufacturer Gibson Brands among others. The world's two largest economies – the US and China – have been locked in a simmering trade dispute since 2018. While the two sides finally came to a partial truce at the end of last year, known as a phase-one deal, the bulk of Chinese imports are still subject to tariffs. According to the deal, Chinese goods worth around $250 billion remained under 25-percent tariffs, while a 7.5-percent levy was kept for around $120 billion of imports. Lawsuits challenging the US’ tariff policy came shortly after the World Trade Organisation (WTO) ruled last week that Washington’s trade war with Beijing breached the body’s rules, meaning that the multi-billion dollar duties are essentially illegal. The Trump administration was quick to accuse the body of being “completely inadequate to stop China’s harmful technology practices.” Monocle Magazine Subscription in Lahore 26 September 2020 To read more content, subscribe to The Friday Times Weekly. |
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Top Stories Explainer: What the US funds freeze could mean for WHO and its workTrump says US has ‘passed the peak’ on new Covid-19 infections as daily death toll sets new record
Oil Prices up over speculations.. NASA details its science experiments for the moon What is 'blobology' and how is it transforming biology? . Send your comments at: feedback@newsflash.com.pk
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India's River Diversion Plan and South Asia's Waters More dams are to come, as India’s need to power its economy means it is quietly spending billions on hydropower in Kashmir. The Senate report totted up 33 hydro projects in the border area with Pakistan. The state’s chief minister, Omar Abdullah, says dams will add an extra 3,000MW to the grid in the next eight years alone. Some analysts in Srinagar talk of over 60 dam projects, large and small, now on the books. (This special report has appeared in the Bulletin on Current Affairs - February 2012, you may have to Buy the print edition to read full story) More in the Edition: South Asia's Water - a growing rivalry Indian, Pakistani & Chinese Border Disputes India's River Diversion Plan: Its impact on Bangladesh Water Crisis can Trigger nuclear war in South Asia Reclaimed Water - the Western Experience Bulletin on Current Affairs is delivered FREE of cost to the members of Bookmark Book Club
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