US media stocks fall as Trump threatens 100% tariff on foreign-made films

Despite Los Angeles' historic reputation as the hub of cinema, studios have over the years shifted production overseas.

The Apprentice biopic of Donald Trump was co-produced in Ireland and benefited from tax relief from the Irish State.

American media stocks fell on Monday after President Donald Trump unveiled a 100% tariff on all movies produced outside the US, in his latest levies that could sharply raise costs for Hollywood studios and roil the global entertainment industry.

Trump's announcement was light on details. It did not say whether the duties will apply to films on streaming platforms as well as theatrical releases, nor did it detail whether tariffs would be based on production costs or box office revenue.