Filmmakers and Hollywood financiers are baffled by President Trump맥스카지노�s announcement that he wants a 100% tariff on movies produced outside the United States.Video above: President Trump changes plans on auto tariffs to help domestic automakersSeveral movie studio and streaming industry executives who spoke with CNN are upset because, they believe, the president hasn맥스카지노�t thought about the ramifications of his proposal, which could decimate an iconic industry.Other sources are taking a more open-minded view, asserting that Trump is instigating a dialogue about a real issue 맥스카지노� so-called 맥스카지노�runaway production맥스카지노� 맥스카지노� that could be addressed any number of ways.맥스카지노�On first blush, it맥스카지노�s shocking and would represent a virtually complete halt of production,맥스카지노� one industry insider remarked. 맥스카지노�But in reality, he has no jurisdiction to do this and it맥스카지노�s too complex to enforce.맥스카지노�Shares of Netflix and other major entertainment companies fell Monday as investors digested Trump맥스카지노�s confusing comments.맥스카지노�Last night맥스카지노�s Truth Social post from President Trump has everyone in Hollywood scratching their heads,맥스카지노� Lightshed Ventures partner Rich Greenfield said in an analyst note.Some of the industry sources who spoke with CNN doubt that any such tariff plan will actually be implemented. As intellectual property, movies are a form of services 맥스카지노� not goods. Services are not ordinarily subject to tariffs, and it맥스카지노�s unclear how Trump맥스카지노�s tariffs on foreign movies would work.Furthermore, Trump맥스카지노�s assertion that foreign film production constitutes a 맥스카지노�national security threat맥스카지노� may not withstand legal scrutiny.But entertainment industry leaders are taking the possibility seriously. Multiple executives have reached out to Commerce Secretary Howard Lutnick about the tariff proposal, according to two sources familiar with the discussions. Lutnick on X responded to Trump맥스카지노�s tariff demand Sunday night, saying, 맥스카지노�We맥스카지노�re on it.맥스카지노�Trump맥스카지노�s social media post may have been just an opening gambit. In the Oval Office Monday, Trump said he would hold meetings with Hollywood executives before making a final decision.맥스카지노�We맥스카지노�re going to meet with the industry; I want to make sure they맥스카지노�re happy about it,맥스카지노� Trump said.On Monday a White House spokesperson, Kush Desai, said, 맥스카지노�while no final decisions on foreign film tariffs have been made, the Administration is exploring all options to deliver on President Trump맥스카지노�s directive to safeguard our country맥스카지노�s national and economic security while Making Hollywood Great Again.맥스카지노�The White House맥스카지노�s reference to 맥스카지노�all options맥스카지노� may calm some nerves, since Hollywood lobbyists have been pushing for carrots (like a federal tax incentives for films) rather than sticks (like a tariff) for some time now.Shifting away from HollywoodMovie and television production, once centered in and around Hollywood, has gravitated to other U.S. states and increasingly to other countries owing to tax incentives and other financial calculations.A wide array of movies, from 맥스카지노�low-budget indies to studio blockbusters,맥스카지노� are 맥스카지노�currently being made in countries like the U.K., France, Germany, and Hungary,맥스카지노� the entertainment trade magazine Variety noted on Monday while conveying 맥스카지노�shock and disbelief across the European film industry.맥스카지노�Trump made the idea sound simple when he spoke with reporters at the White House Sunday night.맥스카지노�Other nations have been stealing the movies, the moviemaking capabilities, from the United States,맥스카지노� he said, apparently referring to the growing number of movies that are produced in other countries like Canada.맥스카지노�We should have a tariff on movies that come in,맥스카지노� Trump said, possibly referring to movies that are financed and distributed by American companies but filmed elsewhere.The Motion Picture Association of America, the organization representing major US studios, declined to comment on Trump맥스카지노�s announcement. But the MPA released a report in 2023 showing the US film industry runs a $15.3 billion trade surplus with foreign markets, amounting to three times the value of films that are imported. However, it맥스카지노�s not clear if the MPA included domestic films that were produced abroad.How would it work?The questions about Trump맥스카지노�s movie tariffs are voluminous. Will movies made by American companies but set in other countries 맥스카지노� say, a World War II historical drama 맥스카지노� be taxed for filming in the places where they맥스카지노�re set?What about movies that are produced partly in the United States and partly in other places?맥스카지노�In its current form, the tariff doesn맥스카지노�t make sense,맥스카지노� said Jay Sures, vice chairman of United Talent Agency. 맥스카지노�How do you enforce it?맥스카지노� how do you measure foreign services? If two minutes of the movie is shot overseas does that deserve to be taxed?맥스카지노�Sures noted that it can be significantly cheaper to make movies abroad, so tariffs could hurt more than they help.Some of the industry executives wondered aloud if Trump맥스카지노�s idea was about punishing Canada, where many films are now made due to tax incentives.One of the sources asked, speaking of left-leaning Hollywood, 맥스카지노�Is he trolling us because we didn맥스카지노�t vote for him?맥스카지노�And one executive asked if Trump had any real sense of how modern TV and movie production works: 맥스카지노�Has anyone told him what this will do to James Bond, Harry Potter, Dune? Where are we supposed to shoot Emily in Paris?맥스카지노�CNN맥스카지노�s Kate Irby contributed to this report.