U.S. President Donald Trump announced a new sweeping trade policy on Sunday evening that threatens to shake up the global film industry and potentially devastate Toronto's thriving movie and TV production sector. "The Movie Industry in America is DYING a very fast death," he posted on Truth Social. Toronto's screen production industry set a record with more than $2.5 billion in direct spending in 2021, followed by $2.6 billion in 2022. Such incentives have continuously lured American studios north of the border, but Trump's tariffs could disrupt this trend. On the other hand, the film, television, and digital media industry in Toronto employed more than 35,000 people in 2022.