Netflix invests $1B in Spain, defying Trump's tariffs

Netflix announced a $1.14 billion investment in Spain to produce new shows, directly contradicting President Trump's proposed tariffs on foreign-produced films. The investment, planned between 2025 and 2028, was revealed by Netflix CEO Ted Sarandos in Spain. This move follows Trump's May announcement of a 100% tariff on movies made outside the U.S., potentially impacting the film industry. Trump's tariff proposal aims to boost U.S. production, but industry analysts express concerns about potential retaliatory tariffs and reduced content creation. Netflix has been producing content in Spain since 2015, including the popular show "Money Heist."