GEOFF BENNETT: And turning now to one# of the plaintiffs from today's case,## that's Rick Woldenberg, owner of the Chicago-based# small toy manufacturer Learning Resources.

Welcome back to the "News# Hour."

Thank you for having me.

Rick, last November you told us your tariff costs# had risen sixfold, more than sixfold, in fact,## in a single year.

So what was your reaction# when you heard the Supreme Court decision today?

RICK WOLDENBERG, CEO, Learning Resources: Well,## obviously, we were very gratified to have# the support of the Supreme Court.

We felt## vindicated in our assertion that the# tax that we were paying was unlawful.

I can also tell you that it was a# demonstration of the rule of law## in action.

And so I was comforted by# the fact that I felt that the court## was impartial and applied the law as# written.

That's important to everybody.

GEOFF BENNETT: The tax, as you# describe it, the added cost,## how much of that did your company absorb and# how much did you have to pass on to customers?

RICK WOLDENBERG: Well, it's# an interesting question.

I took a look at it.

And our tax rate, federal# plus state, plus IEEPA tariffs, .. of 100 percent last year.

And so you can't stay# in business if you make a dollar and you pay more## than a dollar in taxes.

You will eventually# have no dollars.

So we had to pass it on.

And that tells you exactly why other# companies had to pass it on too.

You## can't have a marginal tax rate that is# greater than your earnings.

So we passed## on some of it.

We passed on as little as we# felt we could manage.

And in heading into '26,## we already decided we were going to win# the case.

And so we decided to treat our## financials as if we weren't going to pay# tariffs, and we didn't raise our prices.

So we're actively trying to average our price# down to where we think it would have been.

GEOFF BENNETT: The president today, in# railing against the Supreme Court, announced a## 10 percent global tariff.

So, in practical terms,# what actually changes for your business tomorrow?

RICK WOLDENBERG: Well, at least our tax rate went# down, because most companies -- most countries## were being taxed at 18, 19, or 20 percent.# And when I say the countries were being taxed,## I mean we were being taxed to the# tune of 18 or 19 or 20 percent.

So now, at 10 percent, that's about a reduction# in half.

It didn't go to zero.

And 122,## Section 122 can only impose a tax for five months.# So I guess we will see what happens after that.

GEOFF BENNETT: As we were discussing earlier,# the court in striking down these tariffs didn't## spell out what happens to the revenue already# collected.

What's your hope and expectation?

RICK WOLDENBERG: Well, they did say# that the law does not provide for## tariffs.

So the tariffs were# unlawful when imposed.

That## means that the government took money# from us they had no right to take.

And just like paying too much in taxes, they have# to give it back with interest.

That's what the law## provides.

So it was never anyone's expectation,# I don't think, that the Supreme Court would## fashion a remedy.

They will send it down.# But having -- for the remedy to be created.

But they also said quite clearly these tariffs## were collected unlawfully.

That# means they have to be returned.

GEOFF BENNETT: And lastly, Rick, I'm not sure# if you were watching the press conference with## the president today, but he resorted to# name-calling when talking about you and## the other plaintiffs.

I won't repeat what he# said, harsh language, choice words, to be sure.

I wonder if you have a response to that.

RICK WOLDENBERG: Somebody told me he said# I was good-looking.

He didn't say that?

(LAUGHTER) RICK WOLDE.. fingers.

And I have not allowed our# case to become political.

So I don't## have to take the position that we are# against an individual like Mr.

Trump.

We were against the misapplication of law, and# that's what we said.

And so I'm not sure that## any reply is necessary.

We are companies# located in Chicago.

We make educational## products that go into schools and homes.

I# don't know why anyone would be angry at us.

GEOFF BENNETT: Rick Woldenberg, owner of the# small toy manufacturer Learning Resources,## thanks again for joining us.

RICK WOLDENBERG: Thank you.