Latest news with #LearningResourcesInc
San Francisco Chronicle
12 hours ago
- Business
- San Francisco Chronicle
Supreme Court rejects toy company's push for a quick decision on Trump's tariffs
WASHINGTON (AP) — The Supreme Court on Friday rejected a push from an Illinois toy company asking for a quick decision on the legality of President Donald Trump's tariffs. Learning Resources Inc. wanted the justices to take up the case soon, rather than let it continue to play out in lower courts. The company argues the tariffs and uncertainty are having a 'massive impact' on businesses around the country and the issue needs swift attention from the nation's highest court. The justices didn't explain their reasoning in the brief order rebuffing the motion to fast-track the issue, but the Supreme Court is typically reluctant to take up cases before lower courts have decided. An appeals court is set to hear the case in late July. The company argues that the Republican president illegally imposed tariffs under an emergency powers law, bypassing Congress. It won an early victory in a lower court, but the order is on hold as an appeals court considers a similar ruling putting a broader block on Trump's tariffs. The appeals court has allowed Trump to continue collecting tariffs under the emergency powers law for now. The Trump administration has defended the tariffs by arguing that the emergency powers law gives the president the authority to regulate imports during national emergencies and that the country's longtime trade deficit qualifies as a national emergency.
Yahoo
13 hours ago
- Business
- Yahoo
Supreme Court rejects toy company's push for a quick decision on Trump's tariffs
WASHINGTON (AP) — The Supreme Court on Friday rejected an appeal from an Illinois toy company pushing for a quick decision on the legality of President Donald Trump's tariffs. Learning Resources Inc. had asked the justices to take up the case soon, rather than let it continue to play out in lower courts. The company argues the tariffs and uncertainty are having a 'massive impact' on businesses around the country and the issue needs swift attention from the nation's highest court. The justices didn't explain their reasoning in the brief order rebuffing the appeal, but the Supreme Court is typically reluctant to take up cases before lower courts have decided. The company argues that the Republican president illegally imposed tariffs under an emergency powers law, bypassing Congress. It won an early victory in a lower court, but the order is on hold as an appeals court considers a similar ruling putting a broader block on Trump's tariffs. The appeals court has allowed Trump to continue collecting tariffs under the emergency powers law ahead of arguments set for late July. The Trump administration has defended the tariffs by arguing that the emergency powers law gives the president the authority to regulate imports during national emergencies and that the country's longtime trade deficit qualifies as a national emergency. ___ Lindsay Whitehurst, The Associated Press
Winnipeg Free Press
13 hours ago
- Business
- Winnipeg Free Press
Supreme Court rejects toy company's push for a quick decision on Trump's tariffs
WASHINGTON (AP) — The Supreme Court on Friday rejected an appeal from an Illinois toy company pushing for a quick decision on the legality of President Donald Trump's tariffs. Learning Resources Inc. had asked the justices to take up the case soon, rather than let it continue to play out in lower courts. The company argues the tariffs and uncertainty are having a 'massive impact' on businesses around the country and the issue needs swift attention from the nation's highest court. The justices didn't explain their reasoning in the brief order rebuffing the appeal, but the Supreme Court is typically reluctant to take up cases before lower courts have decided. The company argues that the Republican president illegally imposed tariffs under an emergency powers law, bypassing Congress. It won an early victory in a lower court, but the order is on hold as an appeals court considers a similar ruling putting a broader block on Trump's tariffs. The appeals court has allowed Trump to continue collecting tariffs under the emergency powers law ahead of arguments set for late July. Wednesdays Columnist Jen Zoratti looks at what's next in arts, life and pop culture. The Trump administration has defended the tariffs by arguing that the emergency powers law gives the president the authority to regulate imports during national emergencies and that the country's longtime trade deficit qualifies as a national emergency. ___
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Business Standard
3 days ago
- Business
- Business Standard
Illinois toy firm takes Trump tariffs to SC in long shot bid for quick win
An Illinois toy company challenged President Donald Trump's tariffs in front of the Supreme Court on Tuesday in a long shot bid to press the justices to quickly decide whether they are legal. Learning Resources Inc filed an appeal asking the Supreme Court to take up the case soon rather than let it continue to play out in lower courts. The company argues the Republican president illegally imposed tariffs under an emergency powers law rather than getting approval from Congress. While the company won an early victory in a lower court, the order is on hold as an appeals court considers a similar ruling putting a broader block on Trump's tariffs. The appeals court has allowed Trump to continue collecting tariffs under the emergency powers law ahead of arguments set for late July. The company argued in court documents the case can't wait that long, 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. The Supreme Court is typically reluctant to take up cases before appeals courts have decided them, lowering the odds that the justices will agree to hear it as quickly as the company is asking. Still, Learning Resources CEO Rick Woldenberg said tariffs and uncertainty are taking a major toll now. He's looking ahead to the back-to-school and holiday seasons, when the company usually makes most of its sales for the year. All the people that are raising their prices are doing it with a sense of dread, Woldenberg told The Associated Press. But, we do not have a choice. We absolutely do not have a choice. The company's attorneys suggested the court could hear arguments in late summer or early fall. The Trump administration has defended the tariffs by arguing that the emergency powers law gives the president the authority to regulate imports during national emergencies and that the country's longtime trade deficit qualifies as a national emergency. Trump has framed tariffs as a tool to lure factories back to America, raise money for the Treasury Department and strike more favourable trade agreements with other countries. Woldenberg said he's putting enormous resources into shifting his company's supply base but the process is time-consuming and uncertain. I think that our case raises uniquely important questions that this administration won't accept unless the Supreme Court rules on them, he said. Based in Vernon Hills, Illinois, the family-owned company's products include the Pretend & Play Calculator Cash Register for USD 43.99 and Botley the Coding Robot for USD 57.99.
Winnipeg Free Press
4 days ago
- Business
- Winnipeg Free Press
Toy company challenges Trump's tariffs before the Supreme Court in long shot bid for quick decision
WASHINGTON (AP) — An Illinois toy company challenged President Donald Trump's tariffs in front of the Supreme Court on Tuesday in a long shot bid to press the justices to quickly decide whether they are legal. Learning Resources Inc. filed an appeal asking the Supreme Court to take up the case soon rather than let it continue to play out in lower courts. The company argues the Republican president illegally imposed tariffs under an emergency powers law rather than getting approval from Congress. While the company won an early victory in a lower court, the order is on hold as an appeals court considers a similar ruling putting a broader block on Trump's tariffs. The appeals court has allowed Trump to continue collecting tariffs under the emergency powers law ahead of arguments set for late July. The company argued in court documents the case can't wait that long, '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.' The Supreme Court is typically reluctant to take up cases before appeals courts have decided them, lowering the odds that the justices will agree to hear it as quickly as the company is asking. Still, Learning Resources CEO Rick Woldenberg said tariffs and uncertainty are taking a major toll now. He's looking ahead to the back-to-school and holiday seasons, when the company usually makes most of its sales for the year. 'All the people that are raising their prices are doing it with a sense of dread,' Woldenberg told The Associated Press. But, 'we do not have a choice. We absolutely do not have a choice.' The company's attorneys suggested the court could hear arguments in late summer or early fall. Monday Mornings The latest local business news and a lookahead to the coming week. The Trump administration has defended the tariffs by arguing that the emergency powers law gives the president the authority to regulate imports during national emergencies and that the country's longtime trade deficit qualifies as a national emergency. Trump has framed tariffs as a tool to lure factories back to America, raise money for the Treasury Department and strike more favorable trade agreements with other countries. Woldenberg said he's putting 'enormous resources' into shifting his company's supply base but the process is time-consuming and uncertain. 'I think that our case raises uniquely important questions that this administration won't accept unless the Supreme Court rules on them,' he said. Based in Vernon Hills, Illinois, the family-owned company's products include the Pretend & Play Calculator Cash Register for $43.99 and Botley the Coding Robot for $57.99.
