“A lot of Americans are looking at their 401(k)s today and wondering how much of a lifestyle change they are going to have or whether they’ll be able to retire when they plan to” Senator Maggie Hassan on President Trump’s senseless tariffs. | U.S. Senate Democrats

US President Donald Trump has said that he was ordering new tariffs on all films made outside the United States, claiming Hollywood was being “devastated” by a trend of US filmmakers and studios working abroad. Mr Trump said he was authorising the relevant government agencies to immediately begin the process of imposing a 100% tariff on all films produced abroad that are then sent into the US. Movie and TV production has been exiting Hollywood for years, heading to locations with tax incentives