When Donald Trump announced plans to impose a 100% tariff on any film "produced in foreign lands," a globalized US film industry began to panic.

Shares in major production companies like Netflix and Disney immediately fell due to an assumed rise in costs when productions can no longer profit from cheaper overseas locations.

In recent decades, American films and TV series have benefited from generous tax incentives for shooting in Europe, Canada or Australia, making Hollywood locations comparatively expensive.

At the same time, the film and content industry has become highly decentralized, with international co-productions able to share resources and access funding across multiple countries.

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While lacking detail about whether the tariffs will only apply to "movies" or also TV series, Trump's threat to heavily tax foreign content within the massive US market was widely criticized during last week's Cannes Film Festival.

American director Wes Anderson, in Cannes to launch his new film "The Phoenician Scheme," wondered how the tariffs could ever work when applied to intellectual property as opposed to physical goods.

"Can you hold up the movie in customs? It doesn't ship that way," the........

© Deutsche Welle