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Hollywood is in turmoil following President Trump's announcement of a potential 100% tariff on foreign films, a move criticized by industry insiders as impractical and harmful. The proposal has sparked uncertainty, causing stock prices to fall and raising questions about its enforceability.
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A gauge of the dollar rose 0.3% after declining Monday as speculation around potential trade deals sparked an extraordinary spike in Taiwans dollar and resonated across global foreign exchange markets. The MSCI Emerging Markets Currency Index rose 0.6% to a record. US stock futures edged lower after the S&P 500 halted its longest rally in about 20 years. Theres no cash trading in Treasuries during the Asian day as Japan is closed for a holiday.
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News and Media
Social Media Ban: New Zealand's Prime Minister Christopher Luxon proposed a ban on social media for children under 16, aiming to shield them from online dangers. The draft laws would require social media companies to verify user ages or face substantial fines. This initiative mirrors Australia's stringent regulations and seeks to address parental concerns about social media's impact on children.
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News and Media
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