• Mon, May 5, 2025
  • Tue, May 6, 2025

US media stocks fall as Trump threatens 100% tariff on foreign-made films

American media stocks tumbled on Monday after President Donald Trump unveiled a 100% tariff on all movies produced outside the U.S., in his latest levies that could sharply raise costs for Hollywood studios and roil the global entertainment industry.
U.S. media stocks experienced a decline following former President Donald Trump's proposal to impose a 100% tariff on foreign-made films if he were to be re-elected, as reported by TheWrap. This statement was made during a campaign event in Iowa, where Trump criticized the film industry for what he perceives as a lack of patriotism and an overemphasis on globalism. The proposed tariff aims to encourage the production of films within the United States, potentially impacting international film distribution and increasing costs for American viewers. Stocks of major media companies such as Warner Bros. Discovery, Paramount Global, and Comcast saw drops ranging from 2% to 4% in response to Trump's comments, reflecting investor concerns over the potential economic repercussions of such a policy.

Read the Full Reuters Article at:
https://www.msn.com/en-gb/entertainment/movies/us-media-stocks-fall-as-trump-threatens-100-tariff-on-foreign-made-films/ar-AA1EbTIW