By Harshita Mary Varghese, Aditya Soni and Andrea Shalal WASHINGTON (Reuters) -The entertainment industry reacted with a mixture of alarm and bafflement on Monday after President Donald Trump said he would put a 100% tariff on all movies produced outside the U.

President Trump on Sunday announced movies as his latest target for tariffs​ because the U.S. movie industry "is DYING a very fast death."

By unilaterally imposing tariffs, Trump has exerted extraordinary influence over the flow of commerce, creating political risks and pulling the market in different directions. There are tariffs on autos, steel and aluminum, with more imports, including pharmaceutical drugs, set to be subject to new tariffs in the weeks ahead.