Netflix is making a major international move with a $1.14 billion investment in Spain to fund new shows between 2025 and 2028, despite President Trump’s recent call for a 100% tariff on foreign-made films. CEO Ted Sarandos announced the investment at a press conference in Tres Cantos, highlighting Spain’s creative talent and business environment. Trump's proposed tariff, announced on Truth Social, has caused confusion in the industry, with few details about how it would be implemented. He claims the measure is meant to protect U.S. filmmaking and counter foreign incentives, but critics warn it could backfire by reducing production and prompting retaliation abroad. Netflix began producing in Spain in 2015 with hits like Money Heist, and has since expanded with a major studio complex in Madrid. The investment also comes as the company faces regulatory hurdles in other countries, such as France’s 15-month streaming delay for theatrical releases. Analysts fear Trump’s potential tariff could further disrupt an already slowed U.S. production landscape.