Supreme Court rejects toy company challenge

THE Supreme Court Friday rejected A request from two toy companies to accelerate their challenge to the president Donald Trump Prices.

The decision of the High Court of the country means that the Trump administration now has the 30 -day standard window to submit its response to the challenge.

Two small family businesses, Learning resources And hand2mindargued that Trump had no authority under international law on economic powers to impose his April 2 Prices.

Earlier this week, companies asked the Supreme Court to eliminate the consideration of their dispute and to circumvent a federal court of appeal.

“In the light of the massive impact of prices on almost all companies and consumers across the country, and the tireless cervical boost caused by the unhindered pricing power that the president claims, the challenges of the prices of the ieepa cannot wait for the normal call process”, companies supported at their request.

Rick WoldenbergThe president and chief executive officer of Learning Resource and Hand2mind, told CNBC that the decision of the Supreme Court on Friday “was a disappointment but honestly just another tour of the road”.

“You want to win each motion, but sometimes you don’t,” he said, adding this, “finally this confrontation will be at the Supreme Court.”

Asset declared a national economic emergency Under the IEEPA to justify the implementation of his prices without first obtaining approval from the Congress.

The use by Trump of the ieepa to implement the prices has aroused legal challenges of companies and individuals questioning its authority.

THE American Court of International Trade Last month, temporarily blocked Trump’s prices, saying that the IEEPA, which became law in 1977, does not allow a president to implement universal rights on imports.

But a federal court of appeal Earlier this month As much as Trump’s prices remain in force until he hears arguments on this case at the end of next month.

– Lori Ann Wallace of CNBC contributed the reports.

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