Trump Slaps 100% Tariffs on “Dying” Industry, Risking Global Consequences
Donald Trump has announced a 100% tariff on foreign-made films, claiming the U.S. movie industry is “dying” due to competition from other countries. He framed this as a “national security threat,” accusing foreign nations of coordinating an “attack” on Hollywood by offering incentives to lure filmmakers abroad. Trump authorized the Department of Commerce and Trade Representative to impose the tariffs, aiming to revive American-made movies and counter what he called “propaganda” in foreign films. However, he didn’t clarify if the tariffs would apply to U.S. studios producing films overseas or streaming platforms like Netflix.
This move follows Trump’s earlier appointments of actors Jon Voight, Mel Gibson, and Sylvester Stallone as ambassadors to promote Hollywood. Meanwhile, China recently reduced the number of U.S. films allowed in its market, citing retaliatory measures against American tariffs. The China Film Administration stated the tariffs have hurt the appeal of U.S. films among Chinese audiences, prompting them to cut imports. Trump’s latest tariff escalation adds to ongoing trade tensions, with both countries imposing steep levies on various industries.
