Trump says non-US movies to be hit with 100% tariffs

BBC | US President Donald Trump says he will hit movies made in foreign countries with 100% tariffs, as he ramps up trade disputes with nations around the world.
Trump said he was authorising the US Department of Commerce and Trade Representative to start the process to impose the levy because America's movie industry was dying "a very fast death".
He blamed a "concerted effort" by other countries that offer incentives to attract filmmakers and studios, which he described as a "National Security threat".
"It is, in addition to everything else, messaging and propaganda!" Trump said on his Truth social platform. "WE WANT MOVIES MADE IN AMERICA, AGAIN!"
US Commerce Secretary Howard Lutnick responded to the latest announcement, saying "We're on it".
But the details of the move are unclear. Trump's statement did not say whether the tariff would apply to American production companies producing films abroad.
Several recent major movies produced by US studios were shot outside America, including Deadpool & Wolverine, Wicked and Gladiator II.
Since returning to the White House in January, Trump has imposed tariffs on countries around the world.
He argues tariffs will boost US manufacturers and protect jobs - but the global economy has been thrown into chaos as a result, and prices on goods around the world are expected to rise.
Ahead of his inauguration, Trump appointed three film stars- Jon Voight, Mel Gibson and Sylvester Stallone - to be special ambassadors tasked with promoting business opportunities in Hollywood, which he described as a "great but very troubled place".
"They will serve as Special Envoys to me for the purpose of bringing Hollywood, which has lost much business over the last four years to Foreign Countries, BACK—BIGGER, BETTER, AND STRONGER THAN EVER BEFORE!" Trump wrote at the time.
The US remains a major film production hub globally despite challenges, according to movie industry research firm ProdPro.
Its most recent annual report shows the country saw $14.54bn (£10.94bn) of production spending last year. That was down by 26% since 2022, though.
Countries that have attracted an increase in spending over the same period include Australia, New Zealand, Canada and the UK, according to the report.
Even before this most recent announcement, the US movie industry had been impacted by the fallout from Trump's trade policies.
In April, China said it was reducing its quota of American films allowed into the country.
"The wrong action of the US government to abuse tariffs on China will inevitably further reduce the domestic audience's favourability towards American films," the China Film Administration said.
"We will follow the market rules, respect the audience's choice, and moderately reduce the number of American films imported."
They will serve as Special Envoys to me for the purpose of bringing Hollywood, which has lost much business over the last four years to Foreign Countries, BACK—BIGGER, BETTER, AND STRONGER THAN EVER BEFORE!" Trump wrote at the time.

0 Comments