Rick Woldenberg, the head of Learning Resources, is not one to stay silent when his business is at risk. Back in April, he decided to take a stand against the Trump administration's tariffs, which he believes are unfair. He even took the bold step of suing the president and his team. The Supreme Court is now looking into the case to decide if the president has the ri...
The Supreme Court was packed with spectators, including high-profile figures like Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, as they heard arguments about the legality of President Trump's tariffs. This event stood out because it happened during a government shutdown, which had left much of Washington quiet and empty. Outside, the scene ...
The Supreme Court is set to tackle a big question: Are Trump's tariffs legal? This isn't just any case; it's a major test for the president's trade policies. Trump has been pushing for tariffs for decades. He finally made it official policy this year, slapping tariffs on almost every trading partner. He even called it "Liberation Day" when he announced it. But not e...
Trump's approach to trade with China has been a bit of a rollercoaster. He's been trying to use tariffs to get China to cut down on exports to the U. S. But it's been a bumpy ride, with not much to show for it yet. Let's talk about leverage. In the world of politics, it's all about having power over others. Trump has tried to use this power in different situations. ...
The U. S. Supreme Court is set to hear a big case about tariffs. It's not just any case, though. It's about small businesses fighting back against tariffs imposed by former President Donald Trump. The man leading this charge is Rick Woldenberg, CEO of Learning Resources, a family-run educational toy company. Woldenberg is not alone. He's joined by other small busine...
President Donald Trump recently walked away from trade discussions with Canada. He was upset about a Canadian advertisement that used words from former President Ronald Reagan. The ad talked about Reagan's views on tariffs, which are taxes on imports. Trump believes the ad was misleading. The ad featured a part of a speech Reagan gave in 1987. In it, Reagan said tha...
The U. S. government recently made a quiet change to its plans. They initially wanted to cut funding for the World Trade Organization (WTO). This move was part of a larger effort to reduce foreign aid. The cuts were announced last Friday and totaled $4. 9 billion. However, the plan to cut WTO funding sparked a lot of concern. Lawmakers, trade groups, and even the hea...
A recent court decision has put a big question mark on Trump's tariffs. The U. S. Court of Appeals for the Federal Circuit said most of these tariffs are not legal. They ruled that the reason given for these tariffs, under a law called IEEPA, was not valid. The court said these tariffs are too broad and not limited in time. But the Trump administration is not backin...
Prices in the US are going up. In June, the cost of living rose by 0. 3%, making the yearly increase hit 2. 7%. This is the highest it's been in four months. Experts expected this rise, especially because gas prices went up. But it's not just gas. Other goods are getting more expensive too, thanks to tariffs. Tariffs are taxes on imports. President Trump has been pu...
The U. S. has slapped a 17% tax on fresh tomatoes from Mexico. This move is meant to protect American tomato farmers. But it might make tomatoes more expensive for everyone else. Mexico sends a lot of tomatoes to the U. S. About 70% of tomatoes in the U. S. come from Mexico. That's a big jump from 20 years ago, when Mexico only supplied 30%. Some people say this tax...