Some 3,500 US companies sue over Trump-imposed Chinese tariffs

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

About 3,500 U.S. companies, including Tesla Inc , Ford Motor Co , Target Corp , Walgreen Co and Home Depot have sued the Trump administration in ...

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

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 . 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, Sysco Corp , guitar manufacturer Gibson Brands, Lenovo's U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines