Donald Trump announced the imposition of a 100% tariff on films made outside the USA, accusing other countries of stealing the American film industry.

The leader at the White House declared that the film industry in the USA is affected by foreign competition, with California suffering in particular due to its "incompetent" governor. Trump believes that other countries offer incentives to attract American producers, which poses a threat to national security. The announcement had an immediate impact on financial markets, with declines in the stocks of Netflix and Warner Bros Discovery.