Toy Industry

Toy Companies Sue Trump Over Devastating Tariffs

Learning Resources and hand2mind petitioned the Supreme Court to expedite their challenge to President Trump’s tariffs, citing the significant economic impact on businesses and consumers. The companies argue that the International Emergency Economic Powers Act (IEEPA) does not grant the president the authority to impose these tariffs. They request a September or October hearing, aiming to circumvent the appeals process currently underway in the D.C. Circuit Court. A lower court previously ruled against the administration, finding IEEPA did not authorize the tariffs, though this ruling was limited in scope. The Supreme Court’s intervention is sought to swiftly address the ongoing substantial financial harm caused by the tariffs.

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Trump Threatens 100% Tariff on Barbie Dolls

Following Mattel CEO Ynon Kreiz’s announcement of price increases due to tariffs and plans to diversify its supply chain away from China, President Trump threatened to impose a 100 percent tariff on Mattel toys. This threat, stemming from Kreiz’s statement that Mattel wouldn’t relocate manufacturing to the U.S., escalates the ongoing debate surrounding tariffs and their impact on the toy industry. Trump’s actions disregard industry concerns about the impact of high tariffs on toy availability and affordability. The administration has shown no indication of granting exemptions for toys despite industry lobbying efforts.

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