SMM9, March 27: it is reported that about 3500 US companies have filed a lawsuit against the US federal government, accusing the latter of illegally raising tariffs on Chinese goods. According to the lawsuit, the US government did not impose tariffs within the prescribed 12-month period and did not follow administrative procedures.
These companies question "listing 3", which previously imposed a 25 per cent tariff on about $200 billion of Chinese imports and "list 4A", which imposed a 7.5 per cent tariff on about $120 billion of Chinese imports.
It is reported that The companies that filed the lawsuit include Tesla, Ford Motor Co., Target Department Store, Walgreens, Home Depot, heavy truck manufacturer Volvo North America, American auto parts retailer Manny Mouger, clothing company Ralph Lauren, Sisco, Gibson Guitar, Lenovo USA, Dole packaged Food Co., Ltd., a subsidiary of Itochu Co., Ltd., and Callaway Golf Co., Ltd., a manufacturer of golf equipment.
According to auto parts maker Dana, they believe the trade war launched by the Trump administration has affected US importers' imports of billions of dollars of goods from China. They argued that the US government could not extend tariffs to other Chinese imports "for reasons unrelated to the unfair intellectual property policies and practices initially investigated".
