The film and TV industry is reacting strongly to President Trump's announcement of a 100% tariff on movies produced outside the U.S. He claims Hollywood is 'dying' due to foreign competition benefiting from incentives. While many productions are increasingly filmed abroad, Trump expressed a desire to discuss these tariffs with industry members to ensure they feel supported. Experts, including A&E Studios' Steven Jaworski, warn about significant declines in U.S. production but are unclear on the actual impact of such tariffs yet to be clarified.
President Trump plans to impose a 100% tariff on movies from outside the U.S., claiming it will protect American filmmaking as Hollywood struggles with foreign competition.
President Trump stated, 'I want to make sure they're happy with it, because we're all about jobs,' highlighting his intention to support the industry despite imposing tariffs.
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