The article discusses Donald Trump's announcement of imposing a 100% tariff on foreign movies entering the United States. Trump cited national security concerns and the need to protect the American film industry, which he claims is in decline. He emphasized the importance of having movies produced in America and directed government agencies to enforce the tariff on all foreign-made films entering the country. This decision is part of a broader trade strategy that includes tariffs on imports and Chinese goods.
During a press conference, Trump accused other nations of taking away the United States' movie-making capabilities and proposed tariffs on imported movies as a response. The lack of clarity on how this policy will impact international co-productions and streaming content has created uncertainty in Hollywood circles. Despite Trump's intentions to revamp the entertainment industry by appointing special ambassadors, industry data shows that the U.S. film sector achieved significant exports and trade surplus in 2023.