CEO challenging Trump at Supreme Court could trigger wave of tariff refunds: “I definitely want my money back”

Photo credit: The Miriam and Ira D. Wallach Division of Art, Prints and Photographs – Photography Collection. The New York Public Library Digital Collections via Unsplash. Article by Michael Kaplan. CBS News – November 5, 2025.

Rick Woldenberg says it’s not in his nature, nor consistent with the mission of his Chicago-area toy business, to sit quietly in the face of an existential threat. So last April, a few weeks after the Trump administration unveiled sweeping tariffs on so-called “Liberation Day,” he took action. Woldenberg sued President Trump and his top advisers, alleging in a 37-page complaint Mr. Trump’s “Liberation Day” tariffs amounted to an illegal “Executive Branch power grab.” After a lower court sided with Woldenberg in June, the Trump administration appealed, and on Wednesday, the Supreme Court heard the case to decide the fate of the president’s signature economic policy. […]

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