US President Donald Trump’s announcement of a 100% tariff on foreign-made films sent shockwaves through the global entertainment industry. Indian firms PVR Inox and Prime Focus saw their shares decline 5% following the protectionist move. This decision, part of Trump’s broader trade policy, creates significant uncertainty for studios reliant on international revenue, raising questions about its implementation and legal basis.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets