Trump plans 100 per cent tariff on foreign-made movies
President Donald Trump said he would apply 100 percent tariffs to all films produced abroad, and then repeat a threat that Hollywood will increase the global business model in May.
Step points to Trump’s desire to expand its protectionist trade policies to cultural industries, which largely creates uncertainty for studios depending on co -border productions and international box office revenue.
“Our film -making business was stolen by other countries, like stealing sugar from the United States, just like stealing sugar from the United States,” Trump said.
However, it was not immediately clear which legal authority to use Trump 100 percent tariffs to foreign films.
The White House did not immediately respond to the request to comment on how to apply tariffs.
The best US studios Warner Bros Discovery, Paramount Skydence and Netflix did not respond immediately to comments. Comcast refused to comment.
“There is a lot of uncertainty and asks more questions than these last move answers, PP Paolo Pescatore, PP foresight analyst Paolo Pescatore.
“For now, as things stop, costs are likely to increase and this will inevitably be transferred to consumers,” he said.
The president first shifted the idea of a film tariff in May, but he made entertainment managers sure to be valid for certain countries or all imports.
After the statement made in May, the American film unions and guild coalition sent a letter to Trump and called on to support tax incentives for domestic film production in a compromise package prepared in the Congress, and aimed to return more film and television projects to the United States.
According to the Motion Film Association, the US film industry recorded in 2023 in 2023 in 2023 USD $ 15.3 billion ($ 23.3 billion).
Studio executives, Reuters, in the early this year, modern films often used production, financing, post production and visual effects spread to more than one country, considering how a film tariff can be applied, “Flummoxed”, he said.
Hollywood is more relying on the overseas production centers such as Canada, England and Australia, where tax incentives attract great budget exiles for films ranging from superhero box office records to flow dramas.
At the same time, joint productions with foreign studios have become more common in Asia and Europe where local partners provide financing, access to markets and distribution networks.
Industry executives also warn that they can affect thousands of US workers who are employed in overseas shots, from visual effects artists to production teams, which are generally coordinated in more than one country.
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