Trump's Planned Film Tariff Seen as Devastating Attack on U.S. Entertainment -- Market Talk

Dow Jones

2025/05/05

1018 ET - President Trump's proposed 100% tariff on overseas movie production would be a devastating attack on the U.S. entertainment industry, Benchmark analyst Matthew Harrigan says in a research note. Trump's suggestion "injects further noise into sentiment for essentially every entertainment stock," the analyst says. But, Harrigan is skeptical that a 100% tariff or any tariff will be implemented. He says a more rational approach to address the harms that production offshoring inflicts on blue-collar entertainment industry employees would be to institute a federal tax incentive to retain production within the U.S. (dean.seal@wsj.com)

(END) Dow Jones Newswires

May 05, 2025 10:18 ET (14:18 GMT)

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Trump's suggestion \"injects further noise into sentiment for essentially every entertainment stock,\" the analyst says. But, Harrigan is skeptical that a 100% tariff or any tariff will be implemented. He says a more rational approach to address the harms that production offshoring inflicts on blue-collar entertainment industry employees would be to institute a federal tax incentive to retain production within the U.S. (dean.seal@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 05, 2025 10:18 ET (14:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2456880835.USD","symbol_name":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533538482","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533538482","pubTimestamp":1746454680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1018 ET - President Trump's proposed 100% tariff on overseas movie production would be a devastating attack on the U.S. entertainment industry, Benchmark analyst Matthew Harrigan says in a research note. 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