US President Donald Trump on Monday announced a sweeping 100 per cent tariff on all films produced abroad, arguing that the American movie industry is “dying a very fast death.”
Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States
US President Donald Trump on Monday announced a sweeping 100 per cent tariff on all films produced abroad, arguing that the American movie industry is “dying a very fast death.”
Posting on his platform, Truth Social, Trump claimed: “Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the USA, are being devastated. This is a concerted effort by other nations and, therefore, a National Security threat.”
He added: “It is, in addition to everything else, messaging and propaganda. Therefore, I am authorising the Department of Commerce and the United States Trade Representative to immediately begin the process of instituting a 100% tariff on any and all movies coming into our country that are produced in foreign lands. WE WANT MOVIES MADE IN AMERICA, AGAIN.”
US Commerce Secretary Howard Lutnick responded on X, writing: “We’re on it.”
Trump라이브 바카라 move comes as Hollywood faces mounting challenges. In 2023, nearly half of all spending on movie and television projects with budgets exceeding $40 million took place outside the United States, according to research firm ProdPro. Meanwhile, film and television production in Los Angeles long considered the heart of Hollywood has dropped by nearly 40 per cent over the past decade, according to FilmLA, a non-profit organisation tracking regional production activity.
The announcement also follows China라이브 바카라 decision last month to cut the number of US films it imports, after facing aggressive tariffs from Trump라이브 바카라 administration on other goods.
It remains unclear how exactly the new tariffs would be implemented or what effect they would have on the broader entertainment industry. Notably, Trump라이브 바카라 statement did not mention OTT series, which have become an increasingly popular and profitable segment of the screen production market.