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Some 3,500 U.S. companies sue over Trump-imposed Chinese tariffs

EconomySep 25, 2020 04:35PM ET
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© Reuters. FILE PHOTO: Illustration picture showing U.S. dollar and China's yuan banknotes

By David Shepardson

WASHINGTON (Reuters) - About 3,500 U.S. companies, including Tesla (NASDAQ:TSLA) Inc, Ford Motor (NYSE:F) Co, Target Corp (NYSE:TGT), Walgreen Co (NASDAQ:WBA) and Home Depot (NYSE:HD) have sued the Trump administration in the last two weeks over the imposition of tariffs on more than $300 billion in Chinese-made goods.

The suits, filed in the U.S. Court of International Trade, named U.S. Trade Representative Robert Lighthizer and the Customs and Border Protection agency and challenge what they call the unlawful escalation of the U.S. trade war with China through the imposition of a third and fourth round of tariffs.

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."

Companies filing suit include heavy truck manufacturer Volvo Group North America, U.S. auto parts retailer Pep Boys, clothing company Ralph Lauren (NYSE:RL), Sysco Corp (NYSE:SYY), guitar manufacturer Gibson Brands, Lenovo's U.S. unit, Dole Packaged Foods, a unit of Itochu Corp and golf equipment manufacturer Callaway Golf (NYSE:ELY) Co.

Home Depot's suit noted it faces tariffs on bamboo flooring, cordless drills and many other Chinese-made products. Walgreen, a unit of the Walgreen Boots Alliance, said it is paying higher tariffs on products like "seasonal novelties; party, first aid, and office supplies; and household essentials."

Lighthizer's office did not immediately respond to requests for comment.

On Sept. 15, the World Trade Organization found the United States breached global trading rules by imposing multibillion-dollar tariffs in Trump’s trade war with China.

The Trump administration says tariffs on Chinese goods were justified because China was stealing intellectual property and forcing U.S. companies to transfer technology for access to China’s markets.

Some 3,500 U.S. companies sue over Trump-imposed Chinese tariffs
 

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Comments (8)
Andrea Bisi
Andrea Bisi Jan 26, 2021 5:31PM ET
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man you know business is business
Jay West
Jay West Sep 28, 2020 1:18PM ET
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MAGA! He is definitely sticking to his philosophy. If someone cannot see this, they are in denial. Keep bringing the jobs back, Mr. President, we salute you!
TL Chan
TL Chan Sep 26, 2020 1:50AM ET
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CCP is ********its innocent citizens, lots of them every single day!
Jay West
Jay West Sep 26, 2020 1:50AM ET
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You are absolutely right. Well stated.
Chris Sundo
Chris Sundo Sep 26, 2020 1:50AM ET
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Whats the connection to tariffs?
James L.
James L. Sep 26, 2020 1:50AM ET
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you mean China is "raising the standards of living of while Trump is literally ****?
TL Chan
TL Chan Sep 26, 2020 1:48AM ET
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Those US businesman ignore human rights, put on blind eyes on unfair and ******brutal events to human happening in the world, only eye on money and profit, not something US constitution mean to !
TL Chan
TL Chan Sep 26, 2020 1:45AM ET
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What kind of wisdom to trust US businessman rather than someone from outside the system , working hard to make US great in long run ?
Verndale Confusiarty
Verndale Confusiarty Sep 25, 2020 10:26PM ET
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Yawn...
David David
David9 Sep 25, 2020 7:42PM ET
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Looks like the business communities has finally woke up and is about to body slam Trump down from tarrifs.
Jan Buyle
Jan Buyle Sep 25, 2020 4:24PM ET
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Oh... but... don't they know? He is making America great again... lol
Tony Coll
Tony Coll Sep 25, 2020 4:24PM ET
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He's fulfilling his promise of trying to make US manufactured goods competitive to the ultra cheap (often sweatshop made) chinese goods. I'd call that a step forward. These greedy companies push american made goods to the wayside to save a pretty penny, while sacrificing jobs here at home. What exactly would be your argument against that?
Dan Hodel
Dan Hodel Sep 25, 2020 4:24PM ET
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Instead of working hard, & getting an education in civil engineering, I should have spent my money on land, and be a farmer. Trump would have handed me money whether it worked out or not.
Kyle Brooks
Kyle Brooks Sep 25, 2020 4:24PM ET
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He actually is
Boltzman Knight
Boltzman Knight Sep 25, 2020 4:24PM ET
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while those workers in your so called "shops" hate trumpet into guts. Wanna slam Trumpet and send message to the comment zone: Gang need marde Bee
Robert Cencarik
Robert Cencarik Sep 25, 2020 4:24PM ET
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impossible...you can't make America great by dividing it! But he is making it great for our enemies!!!
 
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