'DID THE RIGHT THING': CEO on SCOTUS case regarding Trump's tariffs

• Supreme Court ruled against Trump's use of emergency powers (IIPA) for tariffs, but a new 15% global tariff was immediately imposed.
• Learning Resources CEO Rick Woldenberg states the tariffs are an 'asphyxiating tax' and 'economic depressant,' exceeding company earnings last year.
• MGA Entertainment CEO Isaac Larian emphasizes that moving production back to the U.S. is not practical and calls for clarity on tariff refunds, promising to lower prices if refunds are received.
• Both companies are still paying the tariffs, highlighting the continued financial pressure on the toy manufacturing sector.

The discussion centers on the Supreme Court's ruling against former President Trump's use of emergency powers to impose tariffs, a legal win for toy manufacturers Learning Resources and MGA Entertainment. Despite the ruling, a 15% global tariff was immediately imposed, continuing to burden these businesses. Both CEOs express frustration over the ongoing financial strain and the impracticality of reshoring production.