Close Menu
    What's Hot

    How to Start Working in Postpartum Services and Navigate Challenges

    June 18, 2025

    Unilever explores sale of healthy snack brand Graze

    June 18, 2025

    LA Immigrant Street Vendors Work Through ICE Raids, Protests

    June 18, 2025
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Money»Trump’s Tariffs Could Be Heading to the Supreme Court
    Money

    Trump’s Tariffs Could Be Heading to the Supreme Court

    Press RoomBy Press RoomJune 18, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    President Donald Trump’s tariffs may face their final fate at the Supreme Court soon.

    Two Illinois-based educational toy companies filed an emergency request Tuesday asking the Supreme Court to take up their case as soon as possible, rather than letting it continue to play out in lower courts since “it will inevitably fall to this Court to resolve it definitively.”

    Toy companies Learning Resources and hand2mind filed an initial suit on April 22, challenging Trump’s use of the International Emergency Economic Powers Act to impose tariffs without going through Congress.

    “For months, we’ve had dozens of people working full-time or part-time on addressing all aspects of the tariffs — you can hardly imagine anything more disruptive,” Rick Woldenberg, CEO of Learning Resources, told Business Insider. “This is an emergency, and so time is of the essence.”

    The IEEPA tariffs have thus far been ruled unlawful by both the US District Court in the District of Columbia and the Court of International Trade on different grounds in separate lawsuits, including Woldenberg’s case filed in Washington, DC. But in both instances, the Court of Appeals has stayed the injunction on the tariffs.

    “In light of the tariffs’ massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by the unfettered tariffing power the President claims, challenges to the IEEPA tariffs cannot await the normal appellate process,” wrote Pratik A. Shah, the lawyer for the case, in the petition to the Supreme Court.

    Learning Resources and hand2mind are not the only businesses to have sued over Trump’s tariffs. At least two similar lawsuits, one from a small women-owned business in Florida and the other from five owner-run businesses across various states, are facing similar court proceedings. Neither has thus far appealed to the Supreme Court, as their cases are also stayed by federal appeals courts.

    The lawsuits share the common argument that Trump has overstepped his authority by imposing tariffs under IEEPA, a law they said does not give the president unilateral power to impose trade duties.

    The toy companies are specifically suing over Trump’s 10% baseline tariff on most imports and an additional 20% tariff on Chinese goods, which the president said were responses to national security concerns and drug trafficking.

    “There are no rules, we don’t know what our costs are, and we are generally given 36 hours of advance notice to change how we operate our business,” Woldenberg said. “We have to dismantle a 40-year-old supply chain. There are tremendous amounts of costs associated with that which are not recoverable in any way, shape, or form.”

    It is uncommon for the Supreme Court to intervene before a lower court rules, and the Court’s next term starts in October.

    Data show businesses and consumers are feeling the impacts of the tariffs. In the month of May, retail and food services sales faced a larger drop than economists had expected, down 0.9% compared to April. The National Association of Home Builders Housing Market Index also shows worse sentiment for June than Bloomberg experts had expected, at just 32 points. A score above 50 is generally considered a favorable outlook on home sales.

    The White House did not immediately respond to a request for comments.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    How to Start Working in Postpartum Services and Navigate Challenges

    June 18, 2025

    LA Immigrant Street Vendors Work Through ICE Raids, Protests

    June 18, 2025

    TV News Anchors Want Side Gigs As Cable Faces Decline

    June 18, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    How to Start Working in Postpartum Services and Navigate Challenges

    June 18, 2025

    Unilever explores sale of healthy snack brand Graze

    June 18, 2025

    LA Immigrant Street Vendors Work Through ICE Raids, Protests

    June 18, 2025

    What should I ask David Brooks?

    June 18, 2025
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.