By Theo Francis
Rick Woldenberg, the Illinois-based educational-toy business CEO who sued over President Trump's tariffs, called the Supreme Court's ruling an exciting precedent that will go down in history.
"We feel vindicated," he said.
Woldenberg, who has a law degree in addition to his engineering degree, stressed the tariff cases were not about politics.
"It's about how we make decisions as a country about the imposition of taxes," he said. "What makes our country investible is respect for the rule of law."
The family-run business founded by Woldenberg's grandfather in 1916 now comprises two companies, Learning Resources and hand2mind. The toy maker, who spent the past year moving most of his production out of China to places like Vietnam and India where tariffs were lower, said Friday's ruling demonstrated how unique the U.S. is among nations.
"Someone you've never heard of, working for a company you've never heard of, can raise their hand and say: 'I think the laws have been improperly applied.' If the guy you've never heard of is right, they win, and the government loses," Woldenberg said. "The American system was tested and it works."
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(END) Dow Jones Newswires
February 20, 2026 14:27 ET (19:27 GMT)
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