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U.S. tariff threat on foreign films caused Indian media stocks to plunge on September 30, 2025.
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.
The statement, posted on Truth Social, claimed foreign films were harming the U.S. industry, likening it to "stealing candy from a baby."
The move raised concerns for Indian film exporters targeting the U.S. diaspora market.
Prime Focus fell to ₹175.94, down 5 percent, while PVR Inox dropped over 3 percent.
The Nifty Media Index declined 1.36 percent.
No implementation timeline has been provided, and the tariff remains unenforced.
La amenaza de aranceles estadounidenses a las películas extranjeras causó que las acciones de medios indios se desplomaran el 30 de septiembre de 2025.