After Trump promised a 100 percent tariff on "any and all Movies coming into our Country that are produced in Foreign Lands," industry figures are frantically trying to come to grips with how the proposal could possibly work.

Declaring foreign film production a national security threat, the president said he had asked his top trade official to start the process of imposing a tax on Hollywood.

The ripples from President Donald Trump’s proposed tariff on foreign-produced movies could be felt in furthest reaches of the entertainment industry, according to Raymond James.