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flag U.S. tariff threat on foreign films caused Indian media stocks to plunge on September 30, 2025.

flag Indian media stocks, including Prime Focus and PVR Inox, dropped up to 5 percent on September 30, 2025, after U.S. President Donald Trump announced plans to impose a 100 percent tariff on films made outside the United States. flag The statement, posted on Truth Social, claimed foreign films were harming the U.S. industry, likening it to "stealing candy from a baby." flag The move raised concerns for Indian film exporters targeting the U.S. diaspora market. flag Prime Focus fell to ₹175.94, down 5 percent, while PVR Inox dropped over 3 percent. flag The Nifty Media Index declined 1.36 percent. flag No implementation timeline has been provided, and the tariff remains unenforced.

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