Trump proposes new tariff plan involving the film and furniture industries; market reaction is tepid
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U.S. President Trump announced new tariffs on imported movies and furniture to revitalize domestic industries. The details of the plan are vague, and there are doubts about its feasibility. Market reactions were muted, with Netflix rising 0.8%, Warner Bros. falling 0.74%, and Disney increasing 0.7%. Trump has announced a 30% tariff on upholstered furniture and a 50% import tax on kitchen cabinets and bathroom sinks, increasing the uncertainty of the tariff policy
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