U.S. to impose 100% tariff on movies made outside the country

The United States will impose a 100% tariff on all movies made outside the country, U.S. President Donald Trump said in a post on Truth Social on Monday (September 29, 2025).

“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby’,” he said on Monday (September 29, 2025).

Mr. Trump had threatened to impose such levies earlier in May but offered few details, leading to confusion among entertainment industry executives.

Shares of Netflix and Warner Bros Discovery were down 1.4% and 0.6%, respectively, in pre-market trading.