India, May 6 -- United States President Donald Trump casually dropped a massive bomb for the entertainment industry in a post on Truth Social on Sunday. Trump claimed that Hollywood is "dying a very fast death" and announced that he had authorised the Department of Commerce and the US Trade Representative (USTR) to slap a 100% tariff on "any and all movies coming into our country that are produced in foreign lands" - signalling trouble for the Indian film industry, considering that the Indian diaspora comprises a sizeable chunk for our films' overseas collections.

"The movie industry in America is DYING a very fast death. Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. ...