The Big Story 

President Trump is threatening to rewrite the script on how Hollywood does business, with his talk of a tariff on foreign films alarming entertainment industry veterans.

© AP

The White House said on Monday that while “no decisions on foreign film tariffs have been made, the administration is exploring all options” on Trump’s directive. 

A day earlier, Trump wrote in a Truth Social post that he was authorizing the Department of Commerce to “immediately begin the process of instituting a 100 percent tariff on any and all movies coming into our Country that are produced in Foreign Lands.”

“WE WANT MOVIES MADE IN AMERICA, AGAIN!” he said, calling the “concerted effort” by others to attract filmmakers overseas a “national security threat.”

But the plan was met with almost immediate skepticism from both Democrats and Republicans alike. 

“Is this really what we’re focused on?” one Republican strategist who is a staunch Trump supporter said on Monday. “Let’s get serious.” 

Read the full report at TheHill.com.

Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.

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Essential Reads 

Key business and economic news with implications this week and beyond:

Democrats call for investigation into Trump family crypto deal over potential foreign influence

OpenAI ditches plan to become a for-profit company

Senate eyes vote on stablecoin bill despite Democratic revolt

Waters to block hearing over Trump crypto concerns

Tax Watch 

Welcome to Tax Watch, a new feature in The Hill’s Business & Economy newsletter focused on the fight over tax reform and the push to extend the 2017 Trump tax cuts this year.

House Republicans hunt for deals on Medicaid, taxes

House Republicans are on the hunt for deals on Medicaid cuts, the state and local tax deduction cap and other contentious topics this week, as the conference looks to advance its package full of President Trump’s legislative priorities.

The search for consensus comes as Speaker Mike Johnson (R-La.) is eyeing the ambitious goal of getting the “one big, beautiful bill” out of the House and to the Senate by the end of the month, a timeline becoming more and more difficult as the key hang-ups bog down the process.

Without agreement on the controversial topics, the House Energy and Commerce Committee and House Ways and Means Committee are unable to hold key votes on the Trump agenda bill, putting the conference at risk of blowing through leadership’s plan for passage.

Read more here.

The Ticker 

Upcoming news themes and events we’re watching:

In Other News 

Branch out with more stories from the day:

Mattel plans to raise prices on some toys to offset tariff costs

NEW YORK (AP) — Mattel Inc., the maker of Barbie dolls, Hot Wheels cars and other popular toys, said …

Good to Know 

Business and economic news we’ve flagged from other outlets:

What People Think 

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