A CEO with 500 workers explains why he’s suing Trump over tariffs: “This path is catastrophic”

Learning Resources CEO Rick Woldenberg is suing the Trump administration over its tariffs, which he believes will severely harm his toy company and the U.S. economy. The lawsuit, filed in Washington, D.C., claims that the tariffs are unconstitutional and could increase the company’s import duties from $2.3 million to $100 million, while also predicting a 25% drop in sales. Woldenberg is struggling to shift manufacturing from China, where 60% of his products are made, as he argues that the tariffs will not revive domestic manufacturing as Trump asserts.