Overview

• President Trump announced plans for a 100% tariff on foreign-produced films, citing national security and economic concerns, but details remain unclear.
• White House spokesman Kush Desai stated that the tariff proposal is still under consideration, with no final decision or implementation timeline in place.
• California Governor Gavin Newsom proposed a $7.5 billion federal film tax credit as an alternative to tariffs, emphasizing job creation and domestic production incentives.
• Industry leaders and unions, including SAG-AFTRA, expressed skepticism over the feasibility of tariffs, highlighting the global nature of film production and advocating for collaborative solutions.
• Stock prices for major media companies dipped following the announcement, as international producers warned of potential disruptions to the film economy.