3,500 American Companies Sue Trump Administration Over Punitive Tax on Goods Bought in China
About 3,500 U.S. companies, including Tesla Inc TSLA.O, Ford Motor Co F.N, Target Corp TGT.N, Walgreen Co WBA.O and Home Depot HD.N have sued the Trump administration in the last two weeks over the imposition of tariffs on more than $300 billion (£235.35 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 DAN.N.
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 VOLVb.ST, U.S. auto parts retailer Pep Boys, clothing company Ralph Lauren, Sysco Corp SYY.N, guitar manufacturer Gibson Brands, Lenovo‘s 0992.HK U.S. unit, Dole Packaged Foods, a unit of Itochu Corp 8001.T and golf equipment manufacturer Callaway Golf 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.
awwww,,, are the bonuses dwindling? Poor things. This, while most give millions to BLM and Antifa, jump on the fake virus bandwagon to destroy local businesses which increases their market share. They hate me,,, a white, racist, misogynist, trans/homo/whatever phobic straight male.
A Sears manager actually told me that about 10 years ago. I told him they would only last 5-10 years. Last year the local Sears closed. I located the woke manager and smiled at him “I told you so”. He now works as a shelf stocker at Wally World.
These corporations sh*t canned Americans livelihoods for profit and bonuses. We have went from sharing the profits of our labor to nothing more than cash cows spending dollars given us by the government printing machine which is destroying the currency. Those still working, labor in the distribution and stocking of foreign goods. Any production at all is in the area of war production and even that is now third rate.
All these woke corporations are working hard to destroy America. They conveniently forget that 99.999% were start ups by white males that worked and nurtured the businesses to become the woke corporations they are today. Every time one goes belly up I thank our Lord Jesus.
Hang on everyone! This is going to end Jan 20th — we hope!
The corps, which were Trumps big supporters are not any longer I’m guessing,..
he doesn’t care for them anymore than he does regular Americans. He is only in this game for himself….the tax fraud shows that more than anything….and he continues to run the country into the ground just like he did multiple businesses..
he is no business man…he is a total loser.
What do you imagine is going to happen on January 20th that will improve anything?
He is among the richest total losers in the country, on paper.
YES, on PAPER, but The REAL REALITY is his style of living not showing how POOR he is ! Having Golf Business up to Scotland (if I get it right ) and saying All are NOT MAKING BENEFIT ? Any PLUMBER gets benefit, and PAY TAXES ! Construction Workers PAY TAXES, HUMBLE HUMANS PAY TAXES ! And HE, POOR LITTLE BULLSHITTER, do not make a CENT with all his COMPANIES ? As the saying goes, KICK a WOOD HORSE and he will KICK YOU BACK ! See You tube, 10 most incredible possession Trump has.. ! NO ! I do not want this CRAP at HOME !
Anything that affects the big boys bottom line will be seen as an attack to them. Trump is just a moron. He always says that sanction will teach others lessons when in fact sanctions are paid by American citizens. How many sanction wars did he won so far? Let me think here…oh yes, not a single one!
Yes sanctions will eventually destroy what’s left of us. Since it appears ALL our choices for moron leader of the pack seem to be okay with sanctions maybe you could suggest someone I have overlooked.
You will not find any real potential leader in the Dems or Republicans. It’s simply impossible for three reasons. First, apart from small things, both parties are the same and both will brainwash any newcomer to think in the same exact way as they do. Second, both parties are controlled by corporations and the war machine. Lastly, it is impossible to change direction as long as the dollar is controlled/owned by private banks.
Like all other western countries who are working with two major political parties, things never change. With time, it only gets worse and that’s a proven fact. They
want to be able to control people constantly by slowly removing your rights. When people start to acquiesce with fascism, they are done for. Fear is their tool of choice, and they know how to use it.
The solution? People need to stand up together and literally fire all politicians. What those crooks fear the most is to see people rising against them, so they make sure to have the left fighting the right constantly. There’s always half a country that is happy even when they are always wrong no matter who is in the government.
The next step….bring in a third political party which will be for the people. Get rid of all lobbyists by making it illegal for them to be around. Make sure that all the money sent abroad by certain organizations is fully taxed…yes, even for Israel. Control political donations and make sure those donations are solely for elections hence they are not allowed to keep whatever amounts that was not spent. In other words, preventing politicians from being bribed. The effect of this would be having big corp moving away from political gifts hence taking away their power over crooked politicians and of course their tax deductions for buying politicians. From one country to another, things are somewhat different, but they all have very similar problems.
The system was put in place to keep the people divided. As long as people fight against each other, they win!
To be honest, nothing will happen unless most people rally together. No more left or right…It’s no longer about political parties but about the people. If that ever happens, we will see some Marcus Aurelius’s rise to fight for the people and countries. Until then, I don’t see any possibility for real changes.
trump is not fascist/racist enough for amerikans–the 1st president that hasn’t attacked another nation since WWII…trump is merely a reflection of the amerikan character as r worse politicians–sanders, Clinton, Omaha, Biden….in an empire near collapse the desperation is reflected by imperialism, sanctions, tariffs…the USA is unable to compete…nearly nothing produced in USa is purchased by others
Try to figure out how Republicans feel about this ROTTEN CREATURE ! How can they SUPPORT such EVIL ? How can they Stand with this CROOKED Corrupted guy ? If they Accept him with HIS CRIMES, they are CRIMINALS as well ! Any natural Worker, with Family, HAS TO PAY TAXES, and HE, the “GENIUS” multi-Billionaire NOT ? HEY !! If Justice EXIST in US, bring ALL JUDGES to take this CRAP OUT NOW ! His place is in the SHIT HOLE, Wide OPEN, AND VERY DEEP !!
Virtually everyone in the federal government is corrupted to the point of being traitors, but none of them wants to be the one to pull their finger out of the dike.
Maybe they’ll be able to convince the courts that Trump is a classic fascist, since he’s got his supporters convinced he isn’t what he obviously is.
The only thing he hasn’t done to American citizens of Chinese descent is put them in concentration camps and exterminate them, and I’m sure Hitler is wondering what he’s waiting for.
It will be interesting to watch what would happen if and when China drops the trillion dollars worth of our national debt that they hold on the junk bond market, where it belongs.
Interesting, tell us more about this China .. hold on the junk bond market.. Something we are not all aware of.. Thanks !
China holds a trillion dollars of our national debt.
No one has a hold on the junk bond market.
Dumping a trillion dollars of anything on the junk bond market would have a devastating effect on the rating of the outstanding debt, and ours was quietly slipped into junk status several years ago.
Thanks for this INFORMATION, US debt is now enormous, and no way that this will slow down, many have predicted the COLLAPSE of the $, as China, and Russia and others, created a NEW way to TRADE, eclipsing US $. This “old” value losing power, as the same with Relations with “allies” Disgusted against The US, against Trump in particular !
China owns $2.3 trillion US Treasury Notes that pay interest. They are not so easy to get rid of because, first they have to find a buyer or wait until they time expire, when the US Treasury has to pay them in Federal Reserve Notes, that are only legal tender in the USA.