According to The Kobeissi Letter, President Trump has announced a 100% tariff on all movies produced outside of the US, a move that could significantly reshape international film distribution and affect major entertainment stocks such as Netflix, Disney, and Warner Bros (source: The Kobeissi Letter, May 4, 2025). Traders should anticipate heightened volatility in global streaming and cinema sector equities, as US-based production companies may see a competitive advantage, while foreign film distributors could face sharp cost increases and potential market access barriers. This policy change is expected to influence international film trade volumes and may cause shifts in portfolio allocations within the entertainment sector.