President Trump's proposal to impose 100% tariffs on movies produced overseas has stirred concerns in Hollywood, impacting share prices of companies like Disney and Netflix.
There is uncertainty on how the White House would implement the tariff policy, which could potentially harm the film industry and create challenges amidst competition from digital platforms.
Hollywood often films in countries like Canada for tax incentives and lower costs, with concerns raised about the impact of tariffs on the industry.
While Trump expressed his views on international filmmaking incentives on Truth Social, the White House later indicated that no final decision has been made, with discussions planned with studio executives.