Tariffs

Lutnick: 10% Tariff Base Isn’t Up for Negotiation

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” Commerce Secretary Howard Lutnick said that the message from the agreement between the United States and U.K. is that the 10% base tariff rate isn’t for negotiation and “reciprocal tariffs, if you think about it, [are] how open is your economy to our exports? How fair is it to our exports? What kind of trade deficit do you do? And that sets that line. So, 10% is the bottom line for that.”

Tariffs Gold Card - Howard Lutnick on 3/19/2025 "Jesse Watters Primetime"

Disney, Netflix, Warner Bros. Discovery, Paramount, Comcast Stocks Fall After Trump Proposes Foreign Film Tariff

Major Hollywood studios –Netflix, Disney, Warner Bros. Discovery, Paramount, and Comcast — saw their stocks slide as early Monday morning trading began, just hours after President Donald Trump said his administration will begin imposing a 100 percent tariff “on any and all” foreign films coming into the United States because, as he said, “The Movie Industry in American is DYING a very fast death.”

NEW YORK, NY - NOVEMBER 27: (L to R) Chief executive officer and chairman of The Walt Disn
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