CNBC’s Kayla Tausche reports. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
The electric-car maker wants the court to declare two batches of Trump administration tariffs to be void, and refund Tesla the tariffs it paid with interest, according to the lawsuit filed in the U.S. Court of International Trade.
The specific tariffs at issue are known as List 3 and List 4. List 3 went into effect on 2018 and currently places 25% duties on $200 billion of imported goods from China. List 4 went into effect in 2019 and currently consists of a 7.5% tariff on $120 billion of Chinese imports. Both lists contain hundreds of very specific items, ranging from raw materials to electronic components. The lawsuit did not describe which items Tesla paid tariffs on, nor how much it paid. Tesla and the U.S. trade representative didn’t immediately return requests for comment.
The U.S. trade representative’s “imposition of List 3 and List 4 duties was arbitrary and capricious because USTR did not provide meaningful opportunity to comment, failed to consider relevant factors when making its decision, and failed to draw a rational connection between the facts found and the choices made,” Tesla’s lawyers argued in Wednesday’s filing, which also named the acting commissioner of U.S. Customs and Border Protection, Mark Morgan, as a defendant.
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