Unclear If CTA Members Will Sue on Tariffs, Says Shapiro, Hoping for Diplomatic Breakthrough
It’s “not resolved” whether CTA members have the will to file a lawsuit to block tariffs on Chinese imports before they rise to 25 percent Jan. 1, CTA President Gary Shapiro told us at CTA Unveiled New York Thursday. The…
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association hired Akin Gump to draft a court complaint and is shopping it to other trade groups seeking support (see 1810290025). “It will take an action” from the Trump administration to stop the hike, Shapiro told us. President Donald Trump and Chinese counterpart Xi Jinping agreed to meet later this month, and “one report said they’re even going to have dinner” together, Shapiro noted. “If it’s a very successful dinner, we can avoid a depression. We’re hoping there’s some sort of deal cut or delay.”