President Donald Trump has thrown yet another hand grenade into the economy, this time in the form of an evening post to Truth Social about imposing a 100% tariff on movies produced overseas. It seems strange to proclaim that “the Movie Industry in America is DYING a very fast death” and suggest a so-called defense that sparks a 3-5% dip in stock price for Netflix, Warner Bros., Disney, and Paramount.
While stocks normalized, the entertainment industry is still trying to figure everything out, especially as Commerce Secretary Howard Lutnick indicated he’s working on a policy. This tariff business is getting way out of hand.
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