Overview

• Trump announced on Truth Social that he intends to impose a 100% tariff on every film made outside the United States.
• He provided no effective date or operational details, and coverage notes uncertainty over whether the levy would apply to theatrical releases, streaming platforms, or both.
• Hollywood sources warned the move could halt much production and questioned the president’s authority and the practicality of implementing such a policy.
• Financial markets reacted immediately, with Netflix shares opening down about 1% while AMC and Disney opened higher.
• The declaration revives a May threat, with reporting that Commerce Secretary Howard Lutnick was tasked to explore implementation, and it comes as the administration advances other tariffs, including 100% duties on some pharmaceuticals set to start Oct. 1.