Dow, S&P 500, Nasdaq slide as tariff fears revive to kick off large Fed week

Netflix (NFLX), Disney (DIS) and different media shares fell in early commerce after President Trump vowed to slap 100% tariffs on all motion pictures produced exterior the US.

The duties will defend Hollywood, which is being “devastated” as different nations supply movie producers incentives for shoots, Trump stated in a put up to Fact Social.

“The Film Business in America is DYING a really quick demise,” he wrote within the Sunday put up. “It is a concerted effort by different Nations and, due to this fact, a Nationwide Safety risk. It’s, along with every thing else, messaging and propaganda!”

Whereas Trump gave few particulars on how the tariffs will probably be carried out, the transfer is seen as a danger for the foremost media gamers, which all shoot movie and TV initiatives in abroad areas.

Netflix (NFLX) fell greater than 4%, whereas Walt Disney (DIS) inventory dropped over 2%. Shares of Warner Bros. Discovery (WBD), Amazon (AMZN), and Paramount International (PARA) additionally declined.

Reuters experiences:

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