Supreme Court rejects toy companies' request to expedite tariff case

What they're saying: "In light of the tariffs' massive impact on virtually every business and consumer across the nation, and the unremitting whiplash caused by the unfettered tariffing power the president claims, challenges to the IEEPA tariffs cannot await the normal appellate process," the companies, Learning Resources and hand2mind, had said in their request.

• But the high court rejected that petition without comment.

Catch up quick: President Trump used the International Emergency Economic Powers Act to impose broad reciprocal tariffs.

• A federal trade court, hearing a separate case, found that was illegal; an appellate court issued a stay freezing that ruling until a hearing in late July.
• The toy companies' lawsuit claims that "Neither the Constitution nor the International Emergency Economic Powers Act ('IEEPA') grants the President tariff-levying authority at all."