President Trump stunned Hollywood over the weekend with his announcement of a 100% tariff on films produced outside the U.S., framing it as a move to revive domestic production and counter foreign incentives. The industry responded with confusion and concern, warning that such tariffs could sharply raise production costs, reduce the number of films made, and hit moviegoers with higher ticket prices. Kim Masters and Matt Belloni dig into the details.

Plus, the papal conclave recently concluded to reveal the next pope — 69-year-old Chicago-native Pope Leo XIV. Masters revisits her interview with Edward Berger about his latest film, Conclave. The German director tells us how studying filmmaking at NYU in the 90s led him to an internship at the indie production company Good Machine. He also sings the praises of Netflix, which he reveals was the only financier daring enough to pay for his grim German-language war film All Quiet on the Western Front. The film went on to receive four Academy Awards, including Best International Feature Film.