Shares of US media groups fell after Trump threatened 100% tariffs on foreign-made movies

US President Donald Trump has threatened 100% tariffs on foreign-produced movies, causing movie studios' shares to plunge. These tariffs could significantly increase production costs for Hollywood, affecting the global supply chain. Analysts warn that such a move could reduce content production and generate retaliatory tariffs. Leaders in Australia and New Zealand, as well as the British union Bectu, have reacted, highlighting the risks to jobs in the local film industry.