Preventing Hollywood's 'very fast death' could become Trump's 9th national emergency

Yahoo Finance
2025.05.06 00:16
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President Trump proposed a 100% tariff on foreign movies, hinting at a potential national emergency declaration to address what he sees as a national security threat from other countries incentivizing movie production. This could mark his ninth national emergency declaration since taking office. The White House has not provided formal plans, but shares of companies like Netflix and Disney fell following Trump's announcement. The situation is complicated by Trump's upcoming meeting with Canadian Prime Minister Mark Carney, as Canada is a significant player in Hollywood production.