#MarketPullback American media stocks tumbled on Monday after President Donald Trump unveiled a 100% tariff on all movies produced outside the U.S., a move that could sharply raise costs for Hollywood studios and rattle the global entertainment industry.
Trump's announcement was short on details. It did not say whether the levies will target films on streaming platforms and those shown in theaters, nor did it specify if the tariffs will be calculated based on production costs or box office revenue.
Streaming pioneer Netflix (NFLX) could particularly be at risk, analysts said, as it relies on its global production network to produce content for international audiences. Its shares fell 4.9% in premarket action, leading a slide in media stocks.
