For Netflix, the Mere Threat of Tariffs is Bad Enough
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“We think the Trump administration will face tremendous pushback,” wrote Michael Pachter of Wedbush in a note to clients. Doug Creutz of TD Cowen described the tariffs as “politically charged, logistically challenging, and ultimately unlikely to advance meaningfully” in his own report. The stock was mostly unscathed by Trump’s initial tariff announcements in early April, due to the belief that subscription-based streaming services like Netflix and Spotify would be largely immune to the effects of such measures.