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Hollywood Stocks Roiled After Trump Threatens 100% Tariff on Movies ‘Produced in Foreign Lands’

Shares of Disney, Netflix, Warner Bros. Discovery and Paramount took a hit after Trump vowed to impose a 100% tariff on foreign-produced films.

On Monday morning, White House spokesman Kush Desai said in a statement, “Although no final decisions on foreign film tariffs have been made, the Administration is exploring all options to deliver on President Trump’s directive to safeguard our country’s national and economic security while Making Hollywood Great Again.” For example, Tom Cruise’s “Mission: Impossible – The Final Reckoning,” distributed by Paramount Pictures, was filmed primarily in the U.K. It’s unclear whether the movie, which opens May 23, would be subject to new levies — or, more broadly, exactly how any such tariffs would be assessed. It’s worth noting that Mel Gibson, who is one of the three Hollywood special ambassadors appointed by Trump(alongside Sylvester Stallone and Jon Voight), is currently planning to shoot his “Passion of the Christ” sequel in Italy.

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