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The Guardian - UK

World

Julia Kollewe

US media stocks slide on Wall Street after Trump threatens movie tariffs

United States Netflix Donald Trump Amazon Paramount Warner Bros Discovery

Black Mirror — Netflix could be vulnerable to Trump tariffs as it relies on its global production network to produce content such as Black Mirror for international audiences. Photograph: Nick Wall/Netflix

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.

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