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Movie studio stocks slide after Trump proposes new foreign film tariff

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Shares of Netflix ( NFLX ), Disney (DIS) , Paramount ( Para ) and Warner Bros. Discovery ( WDB ) were under pressure on Monday after President Donald Trump announced plans for a new 100% tariff on foreign-made movies.

Wedbush said that the new tariff could be a positive catalyst for Hudson Pacific ( HPP ) as production moving outside of the country has been one of many headwinds for the company’s studio business over the past several years .