President Trump has proposed a plan to impose 100% tariffs on foreign-made films to boost domestic film production in the U.S. He argues that these tariffs would help revitalize Hollywood, where many productions have been moved abroad to cut costs. California Governor Gavin Newsom has surprisingly backed Trump's initiative, suggesting a federal partnership for film incentives, pointing to potential job creation. Newsom is advocating for a $7.5 billion federal film tax credit to further enhance domestic production capabilities, minimizing reliance on state-level incentives.
In a Sunday Truth Social post, President Trump proposed 100% tariffs on foreign-shot films, aiming to bring more film productions back to the U.S.
Gavin Newsom expressed support for Trump's tariff plan, emphasizing the need for a federal partnership to enhance domestic film productions and job creation.
Collection
[
|
...
]