Reported about 6 hours ago
Shares of media giants like Netflix and Disney fell after President Trump announced a potential 100% tariff on foreign-made films, citing national security concerns and competition from overseas. While some stocks recovered slightly, concerns were raised about the economic impact of such tariffs on the film industry, particularly regarding increased production costs and the disruption of global filmmaking workflows. Industry experts describe the policy as potentially devastating, warning it could lead to fewer films being produced and higher expenses across the board.
Source: YAHOO