Netflix, Disney, and other media stocks fell after President Trump proposed a 100% tariff on foreign-made films.

Netflix, Disney, and Warner Bros. shares dropped after Donald Trump threatened 100% tariffs on foreign films. The move could impact global film markets, including Indian cinema, especially box office performance in the U.

Shares of entertainment companies including Disney, Netflix, Warner Bros. Discovery and Paramount Global took a hit Monday as investors assessed Hollywood’s potential exposure to President Trump’s as-yet undefined vow to impose a 100% tariff on foreign-produced films.