Overview

• President Trump said he will impose a 100% tariff on all films produced outside the United States in a post on Truth Social.
• No details were provided on start date, calculation method, coverage of theatrical versus streaming releases, or how coproductions would be defined.
• Trump previously instructed Commerce Secretary Howard Lutnick to begin work on the measure, while the administration has not identified a clear legal pathway.
• Studios, unions and analysts warned of production slowdowns, higher consumer prices and potential foreign retaliation as entertainment stocks moved unevenly.
• Separately, tariffs set for Oct. 1 include 100% on branded imported medicines with limited carve‑outs, 50% on kitchen cabinets and vanities, 30% on upholstered furniture and 25% on heavy trucks.