The streaming service had previously been hailed by Wall Street as a “predictable” stock amid Trump’s unpredictable tariffs.

Trump said he would instruct the Commerce Department to implement a 100% foreign film tariff to fix Hollywood's "very fast death."

Netflix’s (NASDAQ: NFLX) longest winning streak in its history came to an end this week after President Donald Trump announced plans to impose a 100% tariff on foreign-made films. The stock fell by 1.9% and dropped as much as 4.3% earlier on Monday.