"He has brought up tariffs for the movie and television industry many times, and I've hopefully talked to him the way out of them. Healthy incentive programs attract a lot of production, and you've seen a lot of them move from California to Georgia to New Jersey. Having the incentives versus tariffs is much better."
"Trump has been keen on using tariffs to encourage more filming in the US. In May, he announced on Truth Social a plan to impose a 100% tariff on films produced outside the US. Trump's plan to add tariffs on foreign movies stemmed from a desire to slow production declines in Hollywood and other areas of the US that are being devastated by filming incentive programs abroad."
Netflix co-CEO Ted Sarandos has advised President Trump against implementing tariffs on foreign-made films and television content, arguing that tax incentives are a more effective approach to stimulating US production. Trump previously proposed a 100% tariff on films produced outside the US to address declining Hollywood production and protect American filmmaking hubs. Sarandos contends that incentive programs successfully attract production work, as evidenced by projects moving between states like California, Georgia, and New Jersey. Global filmmaking has become a competitive advantage for Netflix in the streaming industry, making this policy discussion significant for the company's operations and strategy.
Read at Business Insider
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