Stock prices for Netflix, Disney, and Warner Bros. Discovery fell this morning after President Trump took to social media to warn of major incoming tariffs for films made overseas. This Sunday, Trump used Truth Social to announce another escalation of his ongoing trade war.

Warner Bros. (WBD), and other media stocks fell Monday following President Trump's call for a 100% tariff on all foreign-produced films. Stocks recouped steeper losses by mid-morning, although Netflix continued to lead the declines,

U.S. President Donald Trump on Sunday said he has authorized a 100% tariff on movies made overseas. The news hit some media companies' shares in Monday-morning trading.