The U.S. will impose a 100 percent duty on all movies filmed outside the country, President Donald Trump wrote Monday, Sept. 29, on his Truth Social media page.

"Our movie business has been stolen from the United States of America by other countries, like 'taking candy from a child,'" he wrote and promised to impose a new fee, with no timeline.

Shares of Netflix, Warner Bros Discovery and Walt Disney fell 0.4%, 0.2% and 0.5% respectively at the open of trading.

Trump threatened to impose a similar fee back in May and did not disclose details then either, causing confusion among entertainment industry executives, Reuters recalls.

The news is being updated

This article was AI-translated and verified by a human editor

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