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Former President Donald Trump announced on Truth Social a plan to impose a 100% tariff on all movies made outside the United States. This move, if enacted, would be a novel tariff on a service and aims to counter foreign tax incentives drawing productions away. While Hollywood was initially surprised and concerned about production halts, industry insiders suggest Trump may lack the jurisdiction and enforcement capability. The announcement caused Netflix shares to dip, while other movie-related companies saw slight gains.

Prepared by Lauren Mitchell and reviewed by editorial team.