U.S. Court Rules in Favor of Importers Opposing Tariffs on Chinese Goods
July 7, 2021-In what may be the first of thousands of cases contending Trump-era tariffs on Chinese goods, a high-level U.S. court ruled on Tuesday in favor U.S. importers. According to attorneys for the U.S. businesses, the ruling is likely to impact more than 6,500 plaintiffs who have filed similar lawsuits.
The Case Decided This Week
A group of U.S. companies in the flooring and home-based consumer products argued that import tariffs on Chinese goods imposed "irreparable harm" on their businesses. The case, which is the first of 3,600 cases before the Court of International Trade, relates to the final collection of tariff duties, called "liquidation."
Specifically, the court ruled that, "Liquidation, as the final computation of duties, will constitute irreparable harm unless an...