From Yahoo Finance: 2025-05-05 16:20:00

Netflix, Warner Bros., and other media stocks dropped after President Trump proposed a 100% tariff on foreign films. Stocks recovered slightly, with Netflix leading the declines. Disney traded flat. The industry faces uncertainty as major blockbusters could be affected by the tariffs, potentially leading to a slowdown in business.

The proposed tariffs could impact big-budget films filmed abroad, potentially disrupting the industry. Industry experts warn that the tariffs could increase costs and harm the global interconnected system. The effects could raise production budgets, impacting everyone from crew to catering. Industry insiders express concern over the potential devastating impact of the proposed tariffs.

Industry professionals criticize the proposed tariffs, calling them insane and warning of the negative consequences. The tariffs could wipe out low- to mid-budget films by driving up costs. The ripple effects of the tariffs could have far-reaching consequences, impacting various aspects of the film industry. Concerns are raised about the potential shutdown of the industry due to increased production costs.

Read more: Dow, S&P 500 snap historic run of gains as tariff risks return, Fed decision looms