On Monday (May 5th), Hollywood was plunged into unprecedented chaos. President Trump suddenly announced plans to impose a 100% tariff on foreign made films, but did not disclose the implementation details, causing media stocks to plummet across the board. This "new front of the trade war" not only caught practitioners off guard, but also exposed the numerous contradictions behind policies - although Trump claimed to "revive the American film and television industry", the vague implementation method has already caused giants such as Disney and Netflix to suffer from the "cold shower" of the capital market ahead of schedule.

Summary: Three core contradictions have surfaced

(1) Execution Mist

All key policy details are missing: Does it cover streaming media? Tax based on cost or box office revenue? Can the co production of "007" by the United States and Britain be exempted? The White House only stated that it would "negotiate with the industry," while PP Foresight analysts bluntly stated, "This is like requiring the production team to start without a script, and the cost will ultimately be passed on to the audience

(2) Capital Warning

Wall Street uses its feet to vote: Netflix fell 1.5% due to dependence on global production, while cinema stocks IMAX and Cinemark fell more than 2%. It is worth noting that Stallone and others, who were appointed by Trump as "Hollywood Renaissance Ambassadors," have classic examples of cross-border collaborations in their representative works "Rocky" and "The Expendables.

(3) The industrial paradox

Los Angeles is facing a crisis of "hollowing out" - the UK and Canada are using tax incentives to absorb nearly half of the production. Rosenblatt Securities warns: "If overseas markets retaliate with tax increases, Hollywood may lose both its overseas bases and international markets

Summary: A game without winners?

This tariff storm is like a Hollywood disaster movie: Trump wants to use "Made in America" to save jobs, but may force more production crews to leave; The film and television companies have been lobbying for tax incentives for many years, but have been backfired by policies; Even consumers may face price increases. As the analyst said, "Now everyone is waiting for the second boot to hit the ground - but perhaps the first one to hit is the global influence of American culture