US EditionTrump announces 100% tariff on foreign-made movies
President Trump targets foreign films with a 100% tariff to revive Hollywood, citing lost revenue and job declines in California's film sector, which dropped nearly 40% over a decade.
- On Monday, President Donald Trump announced on Truth Social that the United States will impose a 100% tariff on movies made outside the country and authorized the Department of Commerce and United States Trade Representative to begin instituting the levy.
- President Donald Trump framed the move as a response to studios shifting production overseas due to tax incentives in Canada, the United Kingdom and Australia, while U.S. film jobs have declined.
- Legal analysts point to pending court challenges and unclear authority, while studio executives said they were `flummoxed` about enforcement given global production chains.
- Hollywood supports more than 2.3m jobs and generated $279bn in sales in 2022, and analysts warn tariffs would raise costs, ticket prices, and strain studios and overseas production crews.
- Coming 78 days before the Oscars shortlist on December 16, Trump announced a protectionist move, citing threats to the U.S. film industry and criticizing California's governor.
499 Articles
499 Articles
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It hit me last week that almost no one in the administration truly believes in tariffs. Not, at any rate, as a serious policy. The only real enthusiast for them is President Donald Trump, and he plainly does not understand how they work. Everyone else goes along with him for reasons of cowardice or careerism, but we can see from his officials’ revealed preferences that they know it is nonsense. Exhibit A: Tariffs on movies. Last week, the presid…
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