Entertainment
What hurdles lie ahead for US businesses after rollback of global trade levies?
The Supreme Court’s striking down of President Donald Trump’s global tariffs, while a relief to many, heralds more months of uncertainty as US businesses brace for new levies and a fight for refunds plays out.
Long road to refunds
The ruling sets up a long fight for tariff refunds, as the duties, now deemed illegal, generated some $133.5 billion from January 2025 to mid-December.
The top court did not address the refund issue, and analysts say this will be decided by lower courts in the coming months.
The US Court of International Trade is expected to manage this process, said ING analysts Carsten Brzeski and Julian Geib.
“Refunds won’t come automatically, as any importer that wants its money back must sue individually,” they said.
“This process has already kicked off, with over 1,000 corporate entities now involved in a legal fight.”
Trump told reporters Friday: “We’ll end up being in court for the next five years.”
More volatility
Hours after the court decision, Trump vowed to impose a new 10% tariff on imports under an alternative authority.
This is widely seen as a temporary move to pave the way for more durable tariffs, but is set to trigger other challenges and upheaval in the meantime.
The law Trump is tapping for this tariff — Section 122 of the Trade Act of 1974 — only allows for a duty of 150 days unless Congress extends it.
Trump has said there will be new investigations of unfair trade practices under Section 301, a path towards more lasting duties.
Josh Lipsky, chair of international economics at the Atlantic Council, said Friday’s ruling merely “opens a new chapter” in Trump’s tariff policy.
There will be “more uncertainty, more volatility for businesses to navigate, and more fraught trade deals for countries to negotiate,” Lipsky added.
Losing speed
But for now, the court’s decision “removes one of Trump’s fastest tools for imposing broad tariffs,” said ING.
US Treasury Secretary Scott Bessent told Fox News on Friday that tariffs based on the International Emergency Economic Powers Act (IEEPA) “were custom-made for President Trump to assert leverage” against other countries.
“We were able to bring them to the table very quickly,” he said.
“We will get back to the same tariff level for the countries,” Bessent vowed. “It will just be in a less direct and slightly more convoluted manner.”
Trade deal uncertainty?
With tariffs imposed via emergency economic powers forming the basis of recent trade talks, analysts warned that some partners may try to rethink their commitments.
Lipsky expects economies that have already made deals to keep them rather than “risk unravelling an agreement which at least has provided some stability.”
But those still finalising deals may have more leverage now.
Asia Society Policy Institute senior vice president Wendy Cutler expects that walking away from announced deals “does not seem to be in the cards for our partners.”
“They know all too well that such a step could end up leaving them in a worse position with the White House,” she said.
Lower tariffs?
With the Supreme Court ruling, consumers “face an overall average effective tariff rate of 9.1%, which remains the highest since 1946, excluding 2025,” according to The Budget Lab at Yale University.
This is down from 16.9%.
Despite Trump’s plan to move towards more lasting duties, Navy Federal Credit Union chief economist Heather Long expects Friday’s ruling “will force a reset in tariff policy.”
She anticipates this is “likely to lead to lower overall tariff rates and a more orderly imposition of future tariffs.”
King Charles, who was diagnosed with undisclosed form of cancer in 2024, has reportedly been making good progress in his health.
In a message shared on December 2025, to mark World Cancer Day, the monarch had shared the “good news” that his treatment will be “reduced” in 2026 which he described as a “personal blessing.
However, there are whispers that this has been a deliberate move to conceal any negative update about the King’s health, as the true story is different than what it seems, according to royal experts.
Royal correspondent Robert Jobson stressed that journalists were “pushed” by the Palace to “put a positive spin on the King’s health bulletins” when the reality is rather “sobering”.
He said during the The Royalist podcast that Palace aides had been focussed on only releasing positive news.
“I think it was overhyped in December. I think that the Palace were over-emphasizing the ‘good news’.”
The press spokespeople were saying, “Oh, this is good news.” They were trying to say to the journalists at the time, “Don’t interpret it any other way. This is good news.”
Meanwhile, royal editor Tom Sykes pointed out that since he shared the story about Charles having “live with cancer”, he was removed from the international media pool by the King’s powerful press office.
“Indeed, I was removed from the international media pool by the King’s communications secretary after I noted the King’s cancer was incurable, a fact the Palace has since acknowledged. My expulsion was used as an example to intimidate other journalists into toeing the Palace line,” Tom said.
He pointed out from then on, the press has been supressing the health updates as per the “privacy rules” of the King’s “powerful” press office.
Laufey is about to release the music video for her new single, Madwoman, and it stars many familiar faces, including KATSEYE member Megan Skiendiel.
The 26-year-old jazz pop star has been teasing the project on social media and revealed all her co-stars one by one in Instagram posts.
The From The Start hitmaker will be starring in the video alongside Olympics champion Alysa Liu, The Summer I Turned Pretty star Lola Tung, as well as Skeindiel in the video, according to her latest post.
The music video is set to be released on April 10, alongside the deluxe version of Laufey’s latest album, A Matter of Time: The Final Hour.
The announcement sparked an exciting reaction among fans who flocked to the comments and wrote, “OMGGG?????? HELLO WE WON,” and “ALL QUEENS.”
A third chimed in, “Friday will simply not come FAST enough,” while some joked that she is “collecting wasians like pokemon cards.”
Tom Holland declared Christopher Nolan’s upcoming epic The Odyssey “an absolute masterpiece.”
In a recent interview with GQ, Tom Holland praised Christopher Nolan’s upcoming epic The Odyssey, describing it as “unlike anything I’ve ever seen before.”
Holland explained that Nolan’s reliance on practical, in-camera effects rather than CGI left him stunned by the sheer scale of the production.
“There were certain sequences in the movie where I’m watching it and I’m just sort of thinking like, ‘How on earth has he done that? That has to be CG,’” Holland said.
“And then after the movie asking him, ‘That was definitely CG, right?’ And he’s like, ‘No, no, no, that’s all in camera effects. Very planned, very prepared.’”
Based on Homer’s legendary poem, The Odyssey stars Matt Damon as Odysseus, Anne Hathaway as Penelope, Holland as Telemachus, and Zendaya as Athena, the goddess of wisdom and war who guides Odysseus through his trials. The ensemble also includes Robert Pattinson, Lupita Nyong’o, and Charlize Theron.
Holland explained that Nolan’s approach reminded him why audiences still crave the big-screen experience.
He added, “I am a real advocate for theatrical and the cinema and the communal experience of sitting in a dark room and being entertained. I think that is something for the next 10 years of my life that I will be very focused on.”
With a reported $250 million budget and a July 17, 2026 release date, Nolan’s film is shaping up as one of the year’s most ambitious projects.
More than just a film, it is being positioned as a cultural event: one designed to remind audiences of the enduring power of myth and the magic of theaters.
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