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Home World Middle East

US film studio shares slip on Trump tariff threat

5 May 2025
in Middle East
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US film studio shares slip on Trump tariff threat
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Shares in US film studios fell following President Trump’s threat of 100 percent tariffs on foreign films, impacting companies like Lionsgate and Netflix. Oil prices dropped sharply after OPEC+ announced an output increase, raising concerns over oversupply and potential demand declines due to the trade war. Global stock markets showed mixed results ahead of central bank interest rate decisions, with the Dow slightly up and the S&P 500 down, while Berkshire Hathaway shares fell significantly after Warren Buffett’s retirement announcement.

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