Mon, 03 Feb 2025

Trump's tariffs could threaten Hollywood production, box office recovery

Trump's import tariffs could threaten a long-standing relationship between Hollywood and Canada and could force American consumers to pull back on moviegoing.

* Canada's film industry fears US tariffs could harm production due to potential loss of tax credits or closure of stages to US studios.
* Canadian Prime Minister Justin Trudeau promises a "forceful and immediate response" to Trump's levies.
* Mexico also slaps retaliatory tariffs on American goods, saying their response will be "far-reaching".
* Tariffs are paused for 30 days after Canada and Mexico agree to greater border controls.
* Industry insiders worry that higher production costs could affect moviegoers' wallets and box office sales.
* Companies importing goods from affected countries may pass additional costs onto consumers, raising prices of household goods.
* Film industry members fear that if customers tighten their purse strings, trips to the theater will be among expenses cut.
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