Latest news with #hand2mind
CNBC
15 hours ago
- Business
- CNBC
Supreme Court rejects fast track of Trump tariff challenge by toy companies
Key Points President Donald Trump's tariffs, a key part of his trade agenda, have drawn legal challenges from businesses and individuals questioning his authority to implement the high levies. The Supreme Court ruling gives the Trump administration more time to file its response to the challenge from two toy companies. The two toy companies argued that the International Emergency Economic Powers Act did not give Trump the authority to implement his tariffs. The Supreme Court on Friday rejected a request from two toy companies to expedite their challenge to President Donald Trump's tariffs. The ruling from the nation's high court means that the Trump administration now has the standard 30-day window to file its response to the challenge. Two small family-owned companies, Learning Resources and hand2mind, argued that Trump lacked authority under the International Emergency Economic Powers Act to impose his April 2 tariffs. The companies earlier this week asked the Supreme Court to expedite consideration of their challenge and bypass a federal appeals court. "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," the companies argued in their request. Rick Woldenberg, the chairman and CEO of Learning Resource and hand2mind, told CNBC that the Friday Supreme Court decision "was a disappointment but honestly just another twist in the road." "You want to win every motion but sometimes you don't," he said, adding that, "ultimately this showdown will be at the Supreme Court." Trump declared a national economic emergency under the IEEPA to justify implementing his tariffs without first getting congressional approval, a strategy that has drawn legal challenges from businesses and individuals questioning his authority The U.S. Court of International Trade last month temporarily blocked Trump's tariffs, saying that the IEEPA, which became law in 1977, does not authorize a president to implement universal duties on imports. But a federal appeals court earlier this month allowed Trump's tariffs to remain in effect until it hears arguments on that case at the end of next month. — CNBC's Lori Ann Wallace contributed reporting.
New York Times
20 hours ago
- Business
- New York Times
Supreme Court Won't Fast-Track Tariffs Challenge
The Supreme Court said on Friday that it would not fast-track a petition from two toy manufacturers challenging a major piece of President Trump's tariffs program. The court's order was one sentence long and gave no reasons. The companies' request was unusual for several reasons. Petitions seeking review ordinarily come from the losing side, but the companies had won in front of a district court judge last month. They then sought to leapfrog the U.S. Court of Appeals for the District of Columbia Circuit, which would ordinarily rule before the justices considered whether to grant review. And they asked the justices to move quickly, asking that they schedule arguments in September or October. The companies — Learning Resources and hand2mind — said Mr. Trump's tariffs had given rise to a national emergency warranting extraordinarily quick judicial action. They asked the court to order the government to respond to their petition by Monday. '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 petition said, the companies' challenges 'cannot await the normal appellate process (even on an expedited timeline).' In response, D. John Sauer, the U.S. solicitor general, said the government would file its opposition to the petition on the usual schedule — by July 17 — and that the justices could rule on it over the summer. The manufacturers argued that the law Mr. Trump relied on, the International Emergency Economic Powers Act, did not authorize tariffs. Until Mr. Trump acted, their companies' brief said, 'no president had ever invoked I.E.E.P.A. to impose a single tariff or duty on goods in the statute's nearly 50-year history.' In a separate and broader challenge, the Court of International Trade also ruled against the administration's tariffs program. A different appeals court, the Federal Circuit, is set to hear arguments in that case next month. Both lower court rulings have been paused, allowing Mr. Trump to press forward with his tariffs. Once the appeals courts have ruled, appeals to the Supreme Court are all but certain, and the justices are quite likely to take up one or both of them at that point. The toy companies sought to use an unusual procedure to bypass the D.C. Circuit, 'certiorari before judgment.' The procedure used to be rare, mostly reserved for national crises like Nixon's refusal to turn over tape recordings to a special prosecutor or Truman's seizure of the steel industry. Mr. Sauer, the solicitor general, told the justices that the toy companies' case did not require expedited treatment. 'Certiorari before judgment,' he wrote, quoting from the court's rules, 'is an exceptional procedure reserved for cases 'of such imperative public importance as to justify deviation from normal appellate practice and to require immediate determination in this court.''
Axios
20 hours ago
- Business
- Axios
Supreme Court rejects toy companies' request to expedite tariff case
The Supreme Court on Friday rejected a request by two small toy companies to expedite a tariff lawsuit against the Trump administration. Why it matters: The rejection means the dispute over the legality of Trump's tariffs will proceed through a federal appellate court in Washington, as was already planned. What they're saying: " 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," the companies, Learning Resources and hand2mind, had said in their request. But the high court rejected that petition without comment. Catch up quick: President Trump used the International Emergency Economic Powers Act to impose broad reciprocal tariffs.
NBC News
21 hours ago
- Business
- NBC News
Supreme Court rejects toy makers' request to fast track tariff challenge
The Supreme Court on Friday rejected a request from two toy companies to expedite their challenge to President Donald Trump's tariffs. The ruling from the nation's high court means that the Trump administration now has the standard 30-day window to file its response to the challenge. Two small family-owned companies, Learning Resources and hand2mind, argued that the International Emergency Economic Powers Act does not give Trump the authority to implement his tariffs on products from China. The companies on Tuesday asked the Supreme Court to expedite consideration of their challenge and bypass a federal appeals court. '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,' the companies argued in their request. Trump's tariffs, a key part of his economic agenda, have drawn legal challenges from businesses and individuals questioning his authority to implement the high levies. A federal appeals court earlier this month allowed Trump's tariffs to remain in effect until it hears arguments at the end of next month.
Yahoo
4 days ago
- Business
- Yahoo
'We have to dismantle a 40-year-old supply chain': Toy company appeals to the Supreme Court over Trump's tariffs
Two toy companies are asking the Supreme Court to hear their tariff lawsuit before lower courts do. Two courts have ruled the tariffs illegal in separate cases on different grounds. The CEO of a plaintiff company says his company is facing an emergency and "time is of the essence." 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. Read the original article on Business Insider
