Shanghai – Tesla Inc filed a complaint with the US International Trade Court on Monday aimed at blocking the Trump administration from imposing tariffs on components imported from China by electric car makers, according to media reports.
In its lawsuit, Tesla is not only asking the court to rule that the tariff is illegal, but also to ask the US government to return the taxes paid and the interest generated. U.S. Trade Representative Robert Lighthizer is also a defendant in the case, after the USTR last year rejected Tesla’s application to avoid a 25 percent tariff on Chinese-made computer and display parts used in the Model 3. At the time, Tesla had made it clear that the increased tariffs were economically damaging to the company.
It is worth mentioning that on September 15, the WTO released the ruling of the panel of experts, which found that the us side’s levies on over 200 billion US dollars worth of Chinese goods were illegal ACTS in violation of ITS obligations under the WTO.
Tesla shares continued to fall nearly 9 per cent after yesterday’s after-hours “battery day” launch failed to live up to market expectations. Meanwhile, local media in the US reported on Wednesday that Tesla had suffered a massive system connection failure since 11am local time, and although some of the cars had been connected by press time, this news certainly intensified the downward pressure on Zhinestra’s share price.