Donald Trump ‘s threat ahead of Cannes to impose a 100 percent tariff on films made outside of the U.S. has so far — perhaps unsurprisingly — faded without concrete policy action. But the turbulence of the president’s global trade war and a rollback of DEI initiatives could still cloud the Toronto International Film Festival.

“The dollar shift and the current trade wars are absolutely felt in our industry,” says Canadian director Panta Mosleh, who has helmed TV movies for Hallmark, A&E and Lifetime out of Vancouver.

The dollar has dropped more than 10 percent against a basket of major currencies this year, a slide many blame on Trump’s radical trade agenda. A weaker greenback means Hollywood budgets won’t go as far abroad. While unlikely to spark an immediate reshoring of U.S. product

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