'The American System Was Tested and It Works' Says Toy Maker in Tariff Case -- WSJ

Dow Jones
Feb 21

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."

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 20, 2026 14:27 ET (19:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10