Disney stock fell this morning, May 5th, after President Trump announced additional tariffs that could impact the movie industry. According to Variety, Disney wasn’t the only stock impacted by his announcement on Sunday via his social media platform, Truth Social.
Other stocks, including Netflix, Warner Bros. Discovery, Paramount, and Lionsgate Studios, all saw a decline as the stock market opened on Monday. These declines come as a result of President Trump vowing to impose a 100% tariff on foreign-produced films.