Trump to impose 100% tariff on foreign-produced movies. Netflix (NFLX.US) drops sharply in pre-market trading in response.

According to the Wise Finance APP, before the market opened on Monday, Netflix (NFLX.US) fell nearly 3% as of the time of writing. In terms of news, US President Trump recently stated that he has authorized the Department of Commerce and the US Trade Representative to immediately initiate procedures to impose a 100% tariff on all foreign-made films entering the United States.