Small Businesses Fight Back Against Trump's Tariffs
The U.S. Supreme Court is set to hear a significant case about tariffs. This isn't just any case—it's about small businesses challenging tariffs imposed by former President Donald Trump.
The Leader of the Charge
Rick Woldenberg, CEO of Learning Resources, a family-run educational toy company, is at the forefront of this fight. He's not alone; other small businesses and states argue that Trump's tariffs are unfair.
The Legal Battle
The tariffs were imposed using a law intended for national emergencies. However, the U.S. has had trade deficits every year since 1975. Is a trade deficit really an emergency?
Big vs. Small Businesses
Big companies have stayed out of this fight. They have more resources—they can stock up on inventory and lobby for exemptions. Small businesses don't have that luxury.
- Woldenberg has spent millions on legal fees.
- He's had to cancel expansion plans and cut back on hiring.
Other Small Businesses Feel the Pinch
- David Levi, founder of MicroKits, has had to reduce employee hours and cut back on production.
- Victor Schwartz, founder of V. O. S. Selections, has lost about $200,000 due to the tariffs.
These businesses can't plan ahead because tariff rates keep changing.
The Supreme Court's Decision
The Supreme Court will decide if Trump's tariffs are legal. But one thing is clear: small businesses are the ones really feeling the heat.