The Supreme Court declined a request on Friday from two toy manufacturers seeking to fast-track their legal challenge against tariffs imposed by former President Donald Trump. The high court’s decision indicates that the Trump administration will have the usual 30-day period to respond to the dispute.
Family-owned businesses, Learning Resources and hand2mind, contended that the former president exceeded his authority under the International Emergency Economic Powers Act (IEEPA) when he enacted tariffs on April 2.
Earlier this week, the companies petitioned the Supreme Court to expedite the case, seeking to circumvent the normal appellate process due to the significant impact of the tariffs on businesses and consumers nationwide.
The petition emphasized that “the unfettered tariffing power the president claims creates unremitting whiplash,” and thus merits immediate attention rather than following conventional procedures.
Rick Woldenberg, CEO of both Learning Resources and hand2mind, expressed disappointment with the Supreme Court’s decision but affirmed that it was merely an obstacle in an ongoing legal battle. “You want to win every motion but sometimes you don’t,” he stated, indicating that the ultimate resolution lies within the Supreme Court.
Former President Trump invoked the IEEPA to declare a national economic emergency, which he used as a basis to impose tariffs without congressional approval. This controversial move has prompted legal challenges from various businesses and individuals questioning its legitimacy.
Last month, the U.S. Court of International Trade temporarily halted Trump’s tariffs, asserting that the IEEPA does not grant a president the authority to implement universal duties on imports. However, a federal appeals court ruled earlier this month that the tariffs would stay in place pending further arguments set for the end of next month.
— Finance Newso’s Lori Ann Wallace contributed reporting.
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