Overview

• Trump said on Truth Social he will impose a 100% tariff on all films produced outside the United States but provided no timeline or clarity on whether it covers theatrical releases, streaming or coproductions.
• The announcement comes as a separate tariff package is set to begin Oct. 1, including 100% on brand or patented medicines not made in the U.S., 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks.
• The White House signaled narrow exemptions for drugmakers that have already started building U.S. plants, and reporting indicates some pharmaceutical firms moved early to qualify.
• Hollywood figures and analysts questioned the legality and practicality of taxing audiovisual services, warning of possible production disruptions and forecasting higher costs for consumers.
• Exporters and manufacturers braced for fallout, with Mexican heavy‑truck makers that ship most of their output to the U.S. facing near‑term disruption and furniture exporters in Asia voicing concern.