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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