Donald Trump announced 100% tariffs on foreign films, saying the decline of the U.S. film industry is a national security threat.
allhiphop.com
Since 1998, Allhiphop.com has pioneered hip-hop news. Get our daily email for exclusive news and weekly digestion, all curated for true hip-hop enthusiasts. Stay connected and learn about the heartbeat of hip-hop culture. Subscribe now!
subscription
Donald Trump revealed a 100% 100% tariff in foreign-made films entering the United States, saying the move is a national security issue, which is essential to protect what he calls the collapse of the U.S. film industry.
Trump posted on Truth Social: “The American film industry is dying rapidly.” “This is a unanimous effort by other countries, and therefore a national security threat. There is message and publicity among all the other content! We hope to make movies in the United States again!”
Trump directed the Commerce Department and the U.S. Trade Representative to start executing “any film and all films made on foreign land.”
The announcement is part of a broader driving force for trade, which includes a benchmark tax on most imports and a 145% tariff on Chinese goods.
“Other countries have been stealing American filmmaking capabilities,” Trump told reporters.
He added: “If they are unwilling to make movies in the United States, we should impose tariffs on the movies’ films.”
The statement has left Hollywood insiders scrambling to find answers. Many are unsure how the policy will be applied to international joint production or streaming content.
There are no rollout schedules or enforcement guidelines available, and the Film Society has not responded publicly.
Trump expressed interest in reshaping the entertainment industry.
Earlier this year, he appointed Mel Gibson, Jon Voight and Sylvester Stallone to Hollywood. Trump promised the move would help make the industry “large, better, and stronger than ever.”
Despite Trump’s arguments of decline, the U.S. film sector exports are $22.6 billion, with a trade surplus of $15.3 billion in 2023, according to industry data.
Related
What do you think of this article?
Share your thoughts and join the discussion in the comments below!