📌 U.S. President Donald Trump has reignited investor fears of new trade wars by announcing a 100% tariff on films produced outside of America, coinciding with a wave of declines in Wall Street indicators during the first sessions of the week.
📌 This decision, the implementation mechanisms of which are still unclear, has pressured the stocks of film and television production companies that rely on shooting outside U.S. borders, with Netflix shares dropping by 2.2% and Amazon by 1.9%. Shares of Warner Brothers and Paramount also fell between 1.3% and 1.4%, reflecting the sensitivity of these sectors to any sudden trade decisions.
📌 Notably, this development came as the week begins with expectations that the U.S. Federal Reserve will keep interest rates unchanged, while markets closely monitor the central bank's tone for any hints of monetary easing later this year, especially after data showed a contraction in the U.S. economy in the first quarter for the first time since 2022.
💡Trump: I will visit Saudi Arabia, the UAE, and Qatar next week
