Netflix , Walt Disney, other media stocks drop on Wall Street after Trump announces 100% tariffs on foreign movies

Netflix, Walt Disney Co., and Paramount Global were among other media stocks that dropped on Wall Street on Monday, May 5, 2025, after US President Donald Trump announced 100 per cent tariffs on foreign movies in efforts to save the American movie industry and Hollywood, according to a Truth Social post on May 5, 2025.

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