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Trump’s Hollywood tariff threat is already unravelling

  • President Trump announced plans to impose a 100% tariff on all foreign films entering the U.S. As part of his efforts to combat what he calls a national security threat to the American movie industry.
  • California Governor Gavin Newsom suggested a $7.5 billion federal tax credit to help the movie industry rather than imposing tariffs.
  • Experts warn that these tariffs could harm Hollywood's supply chain and lead to economic recession due to decreased advertising spending.
  • The White House stated that no final decisions on the tariffs had been made, with plans to meet with industry representatives to discuss the potential impact.
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  • 63% of the sources lean Left
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Variety broke the news in Los Angeles, United States on Tuesday, May 6, 2025.
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