President Donald Trump on Monday said he would impose a 100 per cent tariff on all films produced overseas and imported into the United States, a move that could upend Hollywood’s global business model, according to Reuters.

The policy marks an extension of Trump’s protectionist trade stance into cultural industries, raising uncertainty for U.S. studios that rely on cross-border productions and international box office revenue.

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“Our movie-making business has been stolen from the United States of America by other countries, just like stealing candy from a baby,” Trump wrote on his Truth Social account.

It was not immediately clear what legal authority Trump would invoke to enforce the 100 per cent tariff. The White House did not respond to Reuters’ request for clarification, while major U.S. studios Warner Bros Discovery, Paramount, Skydance, and Netflix also declined immediate comment. Comcast refused to comment.

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