Hollywood Stunned By Donald Trump’s Full Film Tariffs Announcement
Washington: On Monday, Hollywood expressed skepticism toward President Donald Trump’s recent announcement of a 100% tariff on foreign films. Industry insiders indicated that this policy seems hasty and reflects a lack of understanding about how the film business operates. Entertainment lawyer Jonathan Handel commented that the idea “doesn’t make sense” and noted that many successful […]
Bitcoin Drops as Trump Threatens Tariffs Before Fed Decision – Decrypt
Simply put The altcoins experienced volatility, leading Bitcoin to drop below $95,000. This week, the Federal Reserve is likely to maintain interest rates. The President recently increased tariffs on foreign films. Bitcoin’s price plummeted below $95,000 on Monday after President Trump hinted at new tariffs just before the Federal Reserve’s interest rate decision. As reported […]
Republicans become uneasy following Trump’s remarks on tariffs and recession.
On Monday, Senate Republicans expressed growing unease following President Trump’s weekend comments indicating that some tariffs might be permanent. He also suggested that the U.S. could manage a short-term recession. For weeks, GOP members have felt the pressure as instability sparked by the Trump administration’s policies raised concerns over how the economy is being handled. […]
Mattel plans to raise prices on Barbie, Hot Wheels, and other toys to cover costs from Trump’s tariffs.
Mattel to Increase Prices Amid Tariff Challenges On Monday, Mattel Inc., known for its popular Barbie dolls and Hot Wheels cars, announced plans to raise prices on some products in the U.S. This move aims to counteract rising costs linked to tariffs imposed by President Trump. Despite efforts to shift its manufacturing away from China, […]
Scott Bessent advises Wall Street leaders who criticize tariffs to ‘never bet against America’ — even amid increasing concerns.
LOS ANGELES – Treasury Secretary Scott Bescent cautioned those critical of President Donald Trump’s contentious tariff strategy, stating that betting against America might not be wise. This comes amid growing concerns from major financial figures who worry that the trade conflicts have positioned the United States as “just an exception.” Speaking at the annual Milken […]
Ford alerts about a $2.5 billion impact from Trump’s tariffs and pauses its yearly forecast.
Ford Motor Company suspended its annual forecast on Monday, citing uncertainty stemming from President Trump’s tariffs, which are expected to impact around $1.5 billion in adjusted revenues before interest and taxes. Earlier this year, the automaker from Dearborn, Michigan, predicted its revenues without considering the implications of customs duties. Ford’s CFO, Shelley House, mentioned that […]
Trump Advocates for Full Tariffs on Imported Films: ‘We Want American-Made Movies Again’
President Donald Trump has announced plans to bolster the U.S. film industry by imposing 100% tariffs on all films made outside the country. This move comes as Hollywood grapples with significant challenges, particularly in the wake of the pandemic. Trump argues that these tariffs are necessary for national security, pointing to foreign governments’ attempts to […]
White House: ‘No definite choices’ on foreign film tariffs
The White House indicated on Monday that no definitive decisions have been reached regarding tariffs on foreign companies. While a final decision on tariffs for foreign films has yet to be made, the administration is considering various options in line with President Trump’s directive to safeguard national and economic security and to revitalize Hollywood. On […]
Hollywood studios’ stock prices fall following Trump’s announcement of 100% tariffs.
On Monday, several leading entertainment firms in Hollywood experienced a drop in their stock prices after President Trump announced a surprising 100% tariff on films made outside the United States. In a post on True Society, Trump indicated that he had authorized the implementation of these tariffs through the Commerce Department and U.S. trade representatives, […]
Hollywood studios’ stock prices drop following Trump’s promise of foreign film tariffs.
Stocks for major Hollywood studios and streaming platforms experienced declines on Monday morning following President Trump’s announcement of a plan to impose 100% tariffs on films produced abroad. In early trading, Netflix saw a drop of around 4%, Disney declined by over 2%, and Warner Bros Discovery fell more than 3%. Paramount also decreased by […]