Media Stocks Dive as Trump Promises Steep Tariffs on Foreign Films
Why are Investors Concerned? Recent moves by investors to offload shares of prominent streaming and movie companies have sparked discussions in financial circles. The catalyst for this anxiety? Former President Donald Trump's announcement regarding his intention to impose a 100% tariff on foreign-made films, a decision that sends ripples through the entertainment industry.
In a bold post on Truth Social, Trump articulated his perspective, suggesting that tax incentives from other nations are luring filmmakers away…