Trump posted on social media May 4 that he was "authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands.

President Donald Trump’s Sunday night proposal to impose tariffs on movies made outside the U.S. has been met with a mix of confusion and fear by the entertainment industry. And by noon Monday, White House officials clarified that “no final decisions” had been made and that it was “exploring all options.

President Trump is threatening to rewrite the script on how Hollywood does business, with his talk of a tariff on foreign films alarming entertainment industry veterans and sending them scrambling to figure out both the impact and likelihood of a blockbuster-sized shake-up.

Southeast Asia got some of the worst of U.S. President Donald Trump’s “Liberation Day” tariffs, with steep duties imposed on countries like Vietnam, Malaysia and Thailand. Leaders throughout the region are now frantically trying to negotiate with the White House to see if they can get a reprieve.

President Trump’s tariffs continue to frighten businesses and consumers alike. Last week, stiff automobile tariffs went into effect, severely clouding the economic outlook of U.S. carmakers like General Motors and Ford.