Mon, 05 May 2025

Mon, 05 May 2025 Trump says non-US movies to be hit with 100% tariffs

The president blamed foreign-made movies for the American film industry's "very fast death".

* US President Donald Trump has announced plans to impose a 100% tariff on movies produced in foreign countries, citing the decline of America's movie industry as a "national security threat".
* The move would target films made abroad by American studios and production companies.
* Trump claims that other countries' incentives to attract filmmakers are hurting the US film industry.
* Australia and New Zealand have spoken out against the proposal, with their governments pledging to support their respective film industries.
* This latest move is part of a broader trade dispute between the US and other countries, with tariffs imposed on goods from China and others.
* The global economy has been impacted by Trump's trade policies, with prices rising due to the increased tariffs.
* The US movie industry has already seen a decline in production spending since 2022, down 26% to $14.54bn last year.
* Other countries such as Australia, New Zealand, Canada, and the UK have seen an increase in film production spending over the same period.
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