U.S. President Donald Trump has renewed a threat to impose 100% tariffs on foreign-made films, raising fears of higher costs and disruption to Hollywood’s global business model.
00:00U.S. President Donald Trump has revived his threat to impose a 100% tariff on films made outside of the United States.
00:09The controversial plan was first introduced in May resulted in a coalition of film unions urging Trump to consider domestic tax incentives instead
00:18to bring productions back to American soil without disrupting international partnerships.
00:23In a post on Truth Social, Trump claimed U.S. filmmaking had been stolen by other countries.
00:31He did not provide further details on his plans or a timeline for when these tariffs might be enacted.
00:38Analysts warn such a policy could push up production costs, potentially leaving studios no choice but to pass the increase on to audiences.
00:46Industry groups also note that modern film production depends on international hubs, including Canada, the U.K., Australia and parts of Asia.
00:56Hollywood is a major sector of the U.S. economy, generating more than 2.3 million jobs and $279 billion in sales in 2022,
01:06according to data from the Motion Picture Association.
01:09But in the wake of the Hollywood strikes and the COVID pandemic, the industry has been struggling to regain momentum.
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