Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
AlterNet: 'Path is catastrophic': CEO with 500 employees explains why he's suing Trump
AlterNet - 'Path is catastrophic': CEO with 500 employees explains why he’s suing Trump
Alex Henderson
April 24, 2025
Critics of President Donald Trump's steep new tariffs — from liberal economists Paul Krugman and Robert Reich to right-wing students of the late economist Milton Friedman — are warning that they will be painful for both businesses and consumers.
At a town hall hosted by CNN's Anderson Cooper, Sen. Bernie Sanders (I-Vermont), a self-described "democratic socialist," said he favors some tariffs if they are "used selectively" but not "arbitrarily." And Sanders described Trump's approach to tariffs "absolutely counterproductive."
One of the business owners who is sounding the alarm about Trump's tariffs is Learning Resources CEO Rick Woldenberg. And he laid out his reasons for suing the Trump Administration over the tariffs during a late April interview with CBS News.
In an article published by CBS News on April 24, reporter Aimee Picchi explains, "Woldenberg's business has 500 employees and sells thousands of learning-based toys like Spike the Fine Motor Hedgehog and the Pretend & Play Calculator Cash Register. Its lawsuit, filed Tuesday in the U.S. District Court in Washington, D.C., accuses Mr. Trump and other members of his administration of overreaching the president's authority in imposing the broad-based import duties."
Woldenberg, according to Picchi, "said he expects his company's sales to drop 25 percent this year as consumers scale back spending due to the economic impact of the tariffs."
/snip
Alex Henderson
April 24, 2025
Critics of President Donald Trump's steep new tariffs — from liberal economists Paul Krugman and Robert Reich to right-wing students of the late economist Milton Friedman — are warning that they will be painful for both businesses and consumers.
At a town hall hosted by CNN's Anderson Cooper, Sen. Bernie Sanders (I-Vermont), a self-described "democratic socialist," said he favors some tariffs if they are "used selectively" but not "arbitrarily." And Sanders described Trump's approach to tariffs "absolutely counterproductive."
One of the business owners who is sounding the alarm about Trump's tariffs is Learning Resources CEO Rick Woldenberg. And he laid out his reasons for suing the Trump Administration over the tariffs during a late April interview with CBS News.
In an article published by CBS News on April 24, reporter Aimee Picchi explains, "Woldenberg's business has 500 employees and sells thousands of learning-based toys like Spike the Fine Motor Hedgehog and the Pretend & Play Calculator Cash Register. Its lawsuit, filed Tuesday in the U.S. District Court in Washington, D.C., accuses Mr. Trump and other members of his administration of overreaching the president's authority in imposing the broad-based import duties."
Woldenberg, according to Picchi, "said he expects his company's sales to drop 25 percent this year as consumers scale back spending due to the economic impact of the tariffs."
/snip
4 replies
= new reply since forum marked as read
= new reply since forum marked as read
