Trump Plans 100% Tariff on Foreign Films, Rattles Media Stocks

President Donald Trump has proposed imposing a 100% tariff on all foreign-produced films entering the United States, aiming to protect the domestic film industry from international competition and foreign incentives, which he claims threaten national security. This announcement has rattled U.S. media stocks, including Disney, as investors worry about potential disruptions to content production and distribution. While the administration has not finalized details, the move is intended to revitalize American filmmaking and deter studios from shooting abroad. Industry leaders, such as Toronto Mayor Olivia Chow, have expressed concern that such tariffs could devastate the global film industry, particularly in regions like Toronto that are major production hubs. Meanwhile, some see potential benefits for U.S. states like New Jersey, which have invested heavily in attracting film and television production. The uncertainty surrounding the implementation and impact of the tariffs has left stakeholders and markets awaiting further clarification.