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Netflix and other media stocks tumble on Trump's pledge to hit foreign films with 100% tariff

Andrew Harnik/Getty Images

  • Netflix and other media stocks dropped Monday after Trump called for a 100% tariff on foreign films.
  • Trump said the issue was a national security concern.
  • Netflix, Disney, and Fox Corp. were among those hit hardest by the news.

The move: US media stocks tumbled lower on Monday. Here are some of the biggest moves:

  • Netflix: down 6.2%.
  • Paramount Global: down 3.1%.
  • Walt Disney Co.: down 3.6%.
  • Fox Corp....
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