US media stocks slide on Wall Street after Trump threatens movie tariffs
by Julia Kollewe from US news | The Guardian on (#6X2PG)
Netflix, Amazon, Warner Bros Discovery and Paramount shares fall as studios reel from announcement
Shares in US streamers and production companies fell on Monday, after Donald Trump said he would introduce 100% tariffs on films made abroad, a move that couldsharply raise costs for Hollywood studios.
Trump's announcement on his Truth Social platform, revived worries about the US president's trade policy and its impact on the world economy.
Continue reading...