President Donald Trump stated in a post to Truth Social earlier: “Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby.’ California, with its weak and incompetent Governor, has been particularly hard hit! Therefore, in order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States.” Shares of Netflix (NFLX) are fractionally lower in morning trading.
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