Rick Woldenberg: Supreme Court Ruling on Trump Tariffs Falls Short
Learning Resources CEO Rick Woldenberg and MGA Entertainment CEO Isaac Larian discuss President Donald Trump’s global tariff strategy and the Supreme Court’s ruling on ‘The Claman Countdown.’
One of the plaintiffs in the Supreme Court case challenging President Donald Trump’s tariff authority expressed that Friday’s ruling against the president’s authority is “not enough.”
On Friday, the Supreme Court ruled 6-3 against Trump’s tariffs. However, later that day, Trump announced a 10% global tariff, which he subsequently increased to 15% on Saturday.
One plaintiff, Rick Woldenberg, CEO of Learning Resources, described the ruling as a “small improvement.” He joined the case against Trump’s tariffs after his toymaking company faced adverse effects, as many of his toys are imported from China.
TRUMP RESPONDS TO SUPREME COURT RULING REJECTING SWEEPING TARIFFS POWERS: ‘A DISGRACE’
Woldenberg’s companies, Learning Resources Inc. and hand2mind Inc., sued in April to invalidate the tariffs as exceeding Trump’s authority. (Taylor Glascock/Bloomberg via Getty Images / Getty Images)
“An asphyxiating tax is an economic depressant,” he stated on “The Claman Countdown” on Monday. “Federal plus state plus IEPA tariffs on our company last year exceeded our earnings. So, make a dollar pay, more than a dollar in taxes.”
Woldenberg emphasized that Trump’s tariff policy over the past year has negatively impacted consumers and created significant turmoil for his business. He described the difficult choices his business faced due to the economic repercussions of these tariffs.
“Either we’re gonna liquidate our business into the pockets of the federal government or we have to pass the costs on,” Woldenberg explained. “So, the tariff which falls on us becomes a regressive tax falling on the folks on the lower end of the economic spectrum.”
“I’m very uncomfortable with that. I think regressive tax is immoral,” he added.
The toymaker clarified that his case against Trump was not personal but rather a call for law and order.
President Trump’s emergency use of tariffs was ruled to be against his presidential authority in a 6-3 ruling on Friday. (Getty Images / Getty Images)
TRUMP REVEALS HIS ‘NEW HERO’ SUPREME COURT JUSTICE AFTER TARIFFS RULING
“We’re not for Mr. Trump or against Mr. Trump, we’re against the misapplication of law,” he stated during an interview with FOX Business.
Woldenberg is set to attend Trump’s State of the Union on Tuesday. When asked by FOX Business host Liz Claman if he thinks it will be awkward to see Trump in person after being labeled “sleazebags,” he responded, “I’m not embarrassed to be there – obviously don’t appreciate being called names.”
MGA Entertainment CEO Isaac Larian also joined “The Claman Countdown,” stating that Trump’s push to revive U.S. manufacturing through tariffs is “impractical.”
Larian, whose company produces Bratz dolls, explained that shifting production to the United States would make it impossible to maintain current price points for American consumers.
An employee works at a toy factory specializing in solar-powered plastic gadgets in Yiwu, China’s eastern Zhejiang province on April 11, 2025. (ADEK BERRY/AFP / Getty Images)
“This Bratz is right now a number one selling toy…” Larian noted. “They are made in China right now, and they sell for $25. There is no way to make that in America and if it was, it would be $50 instead of $25.”
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Larian also emphasized that Americans deserve clarity regarding potential rebates tied to the tariff policy over the past year. “The Supreme Court says these tariffs were illegal. If they’re illegal, they’re an illegal tax on Americans. And Americans deserve clarity on the refunds,” he stated.
Learning Resources CEO Rick Woldenberg and MGA Entertainment CEO Isaac Larian discuss President Donald Trump’s global tariff strategy and the Supreme Court’s ruling on ‘The Claman Countdown.’
One of the plaintiffs in the Supreme Court case challenging President Donald Trump’s tariff authority expressed that Friday’s ruling against the president’s authority is “not enough.”
On Friday, the Supreme Court ruled 6-3 against Trump’s tariffs. However, later that day, Trump announced a 10% global tariff, which he subsequently increased to 15% on Saturday.
One plaintiff, Rick Woldenberg, CEO of Learning Resources, described the ruling as a “small improvement.” He joined the case against Trump’s tariffs after his toymaking company faced adverse effects, as many of his toys are imported from China.
TRUMP RESPONDS TO SUPREME COURT RULING REJECTING SWEEPING TARIFFS POWERS: ‘A DISGRACE’
Woldenberg’s companies, Learning Resources Inc. and hand2mind Inc., sued in April to invalidate the tariffs as exceeding Trump’s authority. (Taylor Glascock/Bloomberg via Getty Images / Getty Images)
“An asphyxiating tax is an economic depressant,” he stated on “The Claman Countdown” on Monday. “Federal plus state plus IEPA tariffs on our company last year exceeded our earnings. So, make a dollar pay, more than a dollar in taxes.”
Woldenberg emphasized that Trump’s tariff policy over the past year has negatively impacted consumers and created significant turmoil for his business. He described the difficult choices his business faced due to the economic repercussions of these tariffs.
“Either we’re gonna liquidate our business into the pockets of the federal government or we have to pass the costs on,” Woldenberg explained. “So, the tariff which falls on us becomes a regressive tax falling on the folks on the lower end of the economic spectrum.”
“I’m very uncomfortable with that. I think regressive tax is immoral,” he added.
The toymaker clarified that his case against Trump was not personal but rather a call for law and order.
President Trump’s emergency use of tariffs was ruled to be against his presidential authority in a 6-3 ruling on Friday. (Getty Images / Getty Images)
TRUMP REVEALS HIS ‘NEW HERO’ SUPREME COURT JUSTICE AFTER TARIFFS RULING
“We’re not for Mr. Trump or against Mr. Trump, we’re against the misapplication of law,” he stated during an interview with FOX Business.
Woldenberg is set to attend Trump’s State of the Union on Tuesday. When asked by FOX Business host Liz Claman if he thinks it will be awkward to see Trump in person after being labeled “sleazebags,” he responded, “I’m not embarrassed to be there – obviously don’t appreciate being called names.”
MGA Entertainment CEO Isaac Larian also joined “The Claman Countdown,” stating that Trump’s push to revive U.S. manufacturing through tariffs is “impractical.”
Larian, whose company produces Bratz dolls, explained that shifting production to the United States would make it impossible to maintain current price points for American consumers.
An employee works at a toy factory specializing in solar-powered plastic gadgets in Yiwu, China’s eastern Zhejiang province on April 11, 2025. (ADEK BERRY/AFP / Getty Images)
“This Bratz is right now a number one selling toy…” Larian noted. “They are made in China right now, and they sell for $25. There is no way to make that in America and if it was, it would be $50 instead of $25.”
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Larian also emphasized that Americans deserve clarity regarding potential rebates tied to the tariff policy over the past year. “The Supreme Court says these tariffs were illegal. If they’re illegal, they’re an illegal tax on Americans. And Americans deserve clarity on the refunds,” he stated.
