The announcement, which confounded film executives and foreign leaders, would escalate Trump’s trade war by including services. What happens next remains unclear.

Newsom’s proposal comes a day after Trump announced plans to impose a 100% tariff on films shot outside the U.S.

In a significant move, China has lifted a 125% tariff on U.S. ethane imports, marking a pivotal moment in the ongoing trade tensions with the United States.

President Donald Trump signaled that he plans to announce new tariffs on pharmaceutical products imported to the United States “over the next two weeks.” Trump’s overriding tariff agenda has thrown a wrench into the global economy.

President Trump said Sunday he would need to keep at least some tariffs on foreign goods in place to convince businesses to move production to the U.S. Why it matters: It suggests that the historic levies on nearly all goods coming into America would remain in some form — even as the White House says it intends to strike trade deals with a slew of nations,