President Donald Trump is vowing to impose a 100-percent tariff on all movies produced outside the United States, a dramatic and unprecedented move that sends shockwaves through Hollywood, international filmmakers, and global entertainment markets. The announcement causes an immediate downturn in stock prices for major entertainment companies, including Netflix, Warner Bros. Discovery, and Disney, before partial recoveries follow amid confusion over the proposal’s scope and legality.
In a televised statement and follow-up comments during a campaign-style appearance, Trump declares that foreign-made films threaten “American jobs. . .