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.”
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.
Andrew Mountbatten-Windsor have been living in exile for the past two months ever since he had been kicked out of his Windsor property, Royal Lodge, per King Charles’s orders.
Members of the royal family had publicly maintained their distance from the disgraced ex-prince, but in a surprising turn of events, Prince Edward and Duchess Sophie were the first ones to approach Andrew.
The former Duke of York has been living in Sandringham since it is a privately-owned estate by Charles, to avoid any further uproar from taxpayers. Before he officially moved into Marsh Farm, Sophie and Edward visited his temporary accommodation Wood Farm to do a “welfare check”.
It was previously reported that there were some grievances as the Duke and Duchess of Edinburgh were forced to stay at the main house since Andrew was occupying Wood Farm – the holiday let for royals during Easter and other key events.
However, royal sources dismissed to Daily Mail that there was any tension between Edward and Andrew over accommodation.
Duchess Sophie and Prince Edward reportedly had dinner with Andrew one night and talked things through. They “feel sorry” for him and how things have gone downhill for him. Moreover, they expressed concerns about Andrew’s “fragile state of mind” due to recent events.
“They do feel for him, but of course that doesn’t excuse his behaviour,” the source stressed. “It’s a difficult balancing act supporting him while not condoning what he has got involved with.”
Edward has tried to make tried to talk sense into him and has pointed out that Andrew can never return to the royal fold. Only time will tell if Andrew has understood everything briefed to him or if he remains in a delusion.
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