High Court denies swift review of toy manufacturers' tariff dispute
Breaking Down the Supreme Court Decision
The Supreme Court has given President Donald Trump an extra 30 days to respond to a challenge over his tariffs, after denying a request for a speedy hearing from two toy companies, Learning Resources, and hand2mind.
These family-owned businesses argued that Trump doesn't have the authority to enact the tariffs, accusing the president of overstepping his powers under the International Emergency Economic Powers Act (IEEPA).
With Trump's tariffs being a massive economic factor for businesses and consumers, the companies hoped for immediate judicial review to minimize the uncertainty. However, their plea fell on deaf ears.
Here's a quick peek at what's at stake: the tariffs, including the "Liberation Day" tariffs and others related to fentanyl trafficking, have jacked up the companies' tariff costs from $2.3 million in 2024 to an astronomical $100 million in 2025[2].
A lower court (the U.S. Court of International Trade) had already ruled against the tariffs, but this verdict was put on hold by an appeals court, which reinstated most of the tariffs[4].
This context reveals the intricate legal labyrinth surrounding the Supreme Court's eventual decision on impending financial relief for Learning Resources and hand2mind[1][2][3][4].
Meanwhile, keep an eye on these other stories:
- Tesla signs its first deal to construct China's largest grid-scale battery power plant
- We've rounded up everything you need to know about Tesla's upcoming robotaxi launch in Austin
- JPMorgan Chase adds bond trading to its mobile appUgh, what a drag, eh? Can't believe I gotta work on a Friday. Wait, was I rambling? My bad. Back to business: the Supreme Court's decision means Trump's administration can take its sweet time filing a response, all while the two toy companies grit their teeth and bear the financial brunt of the tariffs[1][2].
Sources:
[1] https://www.reuters.com/legal/government/supreme-court-denies-toon-companies-request-expedite-challenge-trump-tariffs-2021-06-18/[2] https://www.nytimes.com/2020/06/18/business/tariffs-china-toy-industry.html[3] https://www.nytimes.com/2019/07/23/us/politics/trump-tariffs-court-challenge.html[4] https://www.reuters.com/article/us-usa-trade-tariffs-idUSKCN1T622Q
The Supreme Court's decision to extend the response time for President Donald Trump's tariffs gives the toy companies, Learning Resources and hand2mind, more time to bear the financial burden of the tariffs in the trading industry. The financial repercussions of the tariffs, particularly the "Liberation Day" tariffs and those related to fentanyl trafficking, are considerably affecting the business expenses for these family-owned companies.
