Supreme Court rejects toy company challenge

Supreme Court on Friday Rejected A request to accelerate the challenges of President Donald Trump’s tariffs from two toy companies.

The decision from the country’s Supreme Court means that the Trump administration has a standard 30 -day window to respond to its difficulty.

Two small family businesses, Learning Sources And El2mindHe claimed that Trump deprived the authority to impose the April 2 tariffs under the International Emergency Economic Authorities Law.

At the beginning of this week, companies asked the Supreme Court to evaluate their difficulties and skip the Federal Court of Appeal.

Companies, “Tariffs on almost every business and consumer throughout the country and the President’s compulsory tariff power caused by the uninterrupted whip, IEEPA tariffs difficulties can not expect the normal appeal process.” controversial In demands.

Learning Source and Hand2mind President and CEO Rick Woldenberg, CNBC’ye Friday Supreme Court’s decision “is a disappointment, but to be honest, do not bend on the road,” he said.

“You want to win every movement, but sometimes you don’t,” he said, “ultimately this reckoning will be in the high court.”

Within the scope of IEEPA, Trump first declared a national economic emergency to justify the application of tariffs without receiving congress approval;

. US International Commercial Court Last month, IEEPA, which became a law in 1977, temporarily blocked Trump’s tariffs, saying that the president had no authority to implement universal tasks on imports.

However, at the beginning of this month, a Federal Court of Appeal allowed Trump’s tariffs to remain in force until the next month heard arguments in this case.

– Lori Ann Wallace from CNBC contributed to reporting.

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