President Donald Trump has announced he will impose a 100% tariff on all films made outside the United States. He made this announcement via a message on Truth Social. The measure, which has not yet been specified as to its implementation, would be the first time Trump has imposed a tariff on a service rather than a good. According to Trump, the state of California has been hit particularly hard by foreign film productions. This announcement has already impacted the shares of Netflix and other film-related companies.

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