The details of the tariff were still being sorted out by Hollywood executives as of Sunday night, reported Reuters. By Monday, Netflix, Disney, Paramount Global, and Fox Corp stocks went tumbling.
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This is extortion on a massive scale. The order will be withdrawn as soon as the studios buy sufficient $Trumpcoin, which was established for one reason: to hide his corruption. He's marching through the global industrial landscape like Sherman marching to the sea, burning economies all the way.
What's missed is that state and local governments in the US have offered breaks for years. Watch the credits of any major productions for the last 20 years and at the end, if you stay, you will likely see a "We are the world" listing of government bodies that supported the production.
Trump is pure disruption, no other reason for his pronouncements. They are full of confusion designed to create a quid pro quo atmosphere to get those powerful involved in them to their knee. Trump doesn't know himself what they mean, only something he can work with for his benefit.
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It's complete and utter nonsense that shouldn't be dignified with any kind of reaction besides sarcastic laughter.