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Eugene

(65,296 posts)
Tue Jun 3, 2025, 01:15 AM Tuesday

Trump administration requests another pause in tariff ruling on two toy companies

Source: CNN

Trump administration requests another pause in tariff ruling on two toy companies

By Ramishah Maruf, CNN
2 minute read
Published 5:07 PM EDT, Mon June 2, 2025

New York (CNN) — The Trump administration has asked for a pause in a second court ruling challenging its sweeping tariffs invoked under emergency powers.

The administration asked a US appeals court to stay a preliminary injunction from last week in a case that affected two US toymakers. The filing Monday argued that halting the tariffs would threaten trade negotiations with other nations and undercut the tariffs as a “credible threat.”

Last Thursday, US District Court Judge Rudolph Contreras ruled that two American family-owned toy companies, Learning Resources and hand2mind, would be irreparably harmed by Trump’s tariffs. The judge also ruled that there was no provision for tariffs in the International Emergency Economic Powers Act, under which Trump enacted the majority of his tariffs. The Trump administration quickly appealed the ruling to the US DC Circuit Court of Appeals.

The ruling came during a chaotic legal week for Trump’s tariffs, adding to the uncertainty around his economic vision. Though the lawsuit filed on behalf of Learning Resources and hand2mind only focuses on tariffs applying to the two companies, a broader legal case that began in the US Court of International Trade is unfolding, with potential implications for Trump’s trade policies and the global economy.

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Read more: https://edition.cnn.com/2025/06/02/business/tariffs-stay-toy-companies-trump

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Trump administration requests another pause in tariff ruling on two toy companies (Original Post) Eugene Tuesday OP
So much for that so-called "leverage." Tarzanrock Tuesday #1

Tarzanrock

(1,001 posts)
1. So much for that so-called "leverage."
Tue Jun 3, 2025, 01:46 AM
Tuesday

Who is holding the cards now, Turd? Better fold that worthless "tariffs" hand because you ain't got jackshit. By the way, Turd,
every country in the entire world (even North Korea) is laughing at your stupid fat ass.

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