Economic impact study: National Retail Federation

In a courtroom crackling with skepticism, the U.S. Supreme Court on Tuesday, Nov. 4, 2025, shredded the Trump administration’s 60% tariffs on Chinese educational toys and teetered on the brink of reopening 14,000 federal prison sentences. The twin arguments—Learning Resources, Inc. v. Trump and Rico v. United States—drew standing-room-only crowds and produced the term’s first…