"President Donald Trump said in a Truth Social post on Monday he will be imposing a 100% tariff "on any and all movies that are made outside of the United States." Trump did not specify when or how the tariff could be enacted. If Trump follows through with his threat, it would mark the first time he's essentially imposed a tariff on a service rather than a raw good."
"The president initially threatened a 100% tariff on foreign-produced movies in May, arguing that other countries offer tax incentives that have drawn filmmakers abroad. In his post on Monday, he singled out California, saying the state "has been particularly hard hit!" Hollywood was completely caught off guard when Trump first previewed the tariff in May. "On first blush, it's shocking and would represent a virtually complete halt of production," one industry insider told CNN at the time."
A 100% tariff on any and all movies made outside the United States has been proposed. No timeline or enforcement mechanism has been specified. Such a tariff would represent the first time a tariff targets a service rather than a raw good. The proposal was previously previewed in May, tied to concerns that foreign tax incentives draw filmmakers abroad, and California was singled out as particularly hard hit. Industry reaction described the proposal as shocking and potentially halting production, while experts noted jurisdictional and enforcement complexities. Studios cite lower labor costs, rebates, and cheaper logistics as reasons to film overseas.
Read at ABC7 Los Angeles
Unable to calculate read time
Collection
[
|
...
]