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As Democrats look to stop Trump's tariffs, re-shoring jobs could take time
- Democrats announced plans on Monday to counter President Donald Trump's tariffs, including legislation to exempt small businesses from new levies on foreign goods.
- Trump introduced and then suspended higher tariffs in April, maintaining baseline tariffs on imports and targeting foreign films with a planned 100% tariff to protect Hollywood.
- The tariffs have caused concern in industries like automotive, where General Motors expects $4 to $5 billion in tariff costs and has lowered financial guidance amid ongoing talks with the administration.
- U.S. film production dropped 40% in Q2 2024 compared to 2022, while Trump stated, "WE WANT MOVIES MADE IN AMERICA, AGAIN," indicating production location may affect tariff application.
- The tariffs and related risks have created industry uncertainty and supply chain disruptions, suggesting that re-shoring jobs and overcoming financial impacts could take significant time.
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Colorado Springs GazetteReposted by 
Denver Gazette
Denver GazetteKirk Cameron suggests AI could aid Hollywood in avoiding Trump’s film tariffs
Actor and author Kirk Cameron suggested there are several avenues Hollywood can take to deal with the new tariff that President Donald Trump has placed on foreign-made films, suggesting there are “lots” of movies made within the United States. Trump…
·Colorado Springs, United States
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Democrats on House Oversight Committee Unite Against Tariffs; Witnesses Tout Need for ‘Factories of the Future’ to Compete Against China - Coalition For A Prosperous America
Democrats on the Economic Growth, Energy Policy, and Regulatory Affairs Subcommittee—of the House Committee on Oversight and Government Reform—are united against tariffs. That was evident in the April 29 hearing titled “Made in the USA: Igniting the Industrial Renaissance.” For these Members, it was a lost opportunity to weigh in on the subject at hand: how does America build the factories of the future so that it can reshore? What policies are …
Coverage Details
Total News Sources46
Leaning Left5Leaning Right9Center10Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 21%
C 42%
R 37%
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