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.

The bigger chunk of our economic pie is known as services — think Google, Netflix, Facebook, the plumbing of the internet, banking, insurance. And, yes, Hollywood films, the industry Trump now thinks needs saving with — you guessed it — tariffs!

The proposal from California Gov. Gavin Newsom (D) came after President Donald Trump called for massive tariffs on films made overseas.