President Donald Trump's bombshell announcement that he would implement 100% tariffs on films shot outside the U.S. was met with "pure confusion" and deep skepticism, industry insiders told TheWrap after 24 hours of frantic questioning behind the scenes and total silence from major studios in public.

President Trump’s trade war had, until Sunday night, centered on goods — cars, toys, food, clothes, the tangible stuff we put in and out of virtual and physical shopping carts.