Netflix, Media Stocks Drop After Trump Orders Tariffs on Foreign-Made Films
Headline from Investopedia
U.S. President Donald Trump on Sunday said he has authorized a 100% tariff on movies made overseas. The news hit some media companies' shares in Monday-morning trading.
Investopedia's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
U.S. President Donald Trump on Sunday said he has authorized a 100% tariff on movies made overseas. The news hit some media companies' shares in Monday-morning trading.
Major Hollywood studios --Netflix, Disney, Warner Bros. Discovery, Paramount, and Comcast -- saw their stocks slide as early Monday morning trading began, just hours after President Donald Trump said his administration will begin imposing a 100 percent tariff “on any and all” foreign films coming in…