US President Donald Trump on Monday said his nation will impose a 100% tariff on all movies made outside the country. “Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby’," he said in a social media post on Truth Social, a social media platform he owns.

A report by Reuters said that Trump had threatened to impose such levies earlier in May but offered few details, leading to confusion among entertainment industry executives.

The United States contributes nearly 35 to 40 percent of the overseas box office for Indian films, making it the single most important foreign market for Bollywood and regional cinema alike.

Ticket prices and distribution costs could double if the new rules are fully enforced, push

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