Business

Wine merchant Victor Owen Schwartz wins Supreme Court tax challenge

Victor Owen Schwartz never thought that one day he would find himself challenging the president in the highest court in the land.

But after the President Donald Trump’s sweeping tariffs threatened the survival of his wine import business, Schwartz became the plaintiff in a case that would eventually reach the Supreme Court – and won.

Shortly after the decision, Trump announced 10% tariffs around the world and vowed to use other measures to keep jobs in place. A day later, he raised the tax to 15%.

SUPREME COURT SPEAKINGS WILL BEAT TRUMP’S TRADE AGENDA IN FEAR OF HIGHER TARIFFS

Photo by Victor Owen Schwartz of VOS Selections.

Because his business depends on global reach, Schwartz was exposed differently. With the arrival of wine and spirits from 16 countries spanning five continents, almost every corner of his supply chain is affected by new prices.

Friday, the the nation’s highest court dealt Trump a major blow to his trade policy. Schwartz watched the decision unfold through Zoom and his lawyers, the fate of his nearly 40-year-old business hanging in the balance.

“We’re relieved and excited to get back to doing what we love, bringing real, handcrafted wines to American consumers,” Schwartz said. “It’s impossible to describe the feeling of happiness, to see that, yes, we were right, and the court agrees with us, and the feeling that justice has been served,” he told Fox News Digital.

Schwartz was a plaintiff in one of the two cases brought to the Supreme Court. Challenges – Learning Resources Inc. v. Trump and Trump v. VOS Selections Inc. — were filed by an educational toy maker and a toy maker owned by the Schwartz family that imports wine and spirits, both challenging the legality of Trump’s tariffs.

The arguments follow Trump’s “Independence Day” tariffs in April, which he has said will be targeted by a raft of import duties. trade imbalance and reducing dependence on foreign goods.

TRUMP’S TARIFF REVENUE HITS RECORD AS SUPREME COURT RULES

President Donald Trump holds up a sign showing equal values.

President Donald Trump delivered his remarks on the same tax during an event in the Rose Garden in 2025. (Brendan Smialowski/AFP/Getty Images/Getty Images)

“Last spring, thousands of small American businesses like mine were thrown into chaos,” Schwartz said, referring to the “Independence Day” tax. “Unprecedented taxes by the management, which my business was forced to pay early, threatened our existence,” he added.

Unlike previous taxes enacted by Congress, which businesses can organize around, Schwartz said Trump’s sweeping actions feel unexpected and unreasonable. He said the new jobs force small companies to “gamble our livelihoods by trying to predict the unexpected,” calling it “an unconstitutional act of government fraud.”

Despite the legal dispute, Schwartz said the cash flow crisis is very serious.

“The most important thing to be aware of in running any business, which is a very small business, is the impact on income,” he said. “If you have to pay those costs up front before you sell a single bottle of wine, that has a huge impact. Cash flow is the lifeblood of a company.”

FOX NEWS POLL: TRUMP’S TARIFFS FACE BROAD REVIEW EVEN BEFORE SUPREME COURT DECISION.

Photo by Victor Owen Schwartz of VOS Selections.

Victor Owen Schwartz of VOS Selections challenged the president and won in the Supreme Court. (Courtesy of Victor Schwartz)

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The Trump administration has argued that aggressive tariffs are needed to deal with what it calls years of unfair trade around the world, underscoring how central it is. trade policy on Trump’s broad economic agenda.

While questions remain about what’s next for U.S. trade policy, Schwartz said he’s focused on moving forward and getting “government refunds for these unfairly collected taxes.”

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