Trump says non-US movies to be hit with 100% tariffs
a year ago
- #Movie Industry
- #Trump
- #Trade Tariffs
- US President Donald Trump announces 100% tariffs on foreign-made movies, citing a 'National Security threat' and the decline of the US movie industry.
- Trump blames other countries for offering incentives to filmmakers, calling it a 'concerted effort' and 'propaganda.'
- Trump appoints Jon Voight, Mel Gibson, and Sylvester Stallone as special ambassadors to promote Hollywood business opportunities.
- US Commerce Secretary Howard Lutnick responds to the tariffs announcement, stating 'We're on it.'
- US movie production spending dropped by 26% in 2023, while countries like Australia, New Zealand, Canada, and the UK saw increases.
- China reduces its quota of American films in response to US tariffs, citing market rules and audience choice.
- Trump imposes tariffs of up to 145% on Chinese goods, with some potentially reaching 245% when combined with existing tariffs.
- China retaliates with a 125% import duty on US goods.
- Trump hints at possibly lowering tariffs on China in the future to facilitate business relations.
- Trump meets with various countries on trade deals but has no plans to speak with Chinese President Xi Jinping this week.