The White House has indicated that no final decisions have been reached regarding the proposed 100% tariffs on foreign films, following President Trump's alarming announcement on his social media. This potential trade measure aims to safeguard the U.S. film industry amidst concerns that foreign incentives are enticing American filmmakers away. Commerce Secretary Howard Lutnick assured that the administration is actively addressing the situation. The announcement has already caused stock prices of U.S. streaming and production companies to drop as the industry grapples with uncertainty about the implementation of these tariffs.
President Trump declared a 100% tariff on all movies produced outside the United States, aiming to protect national security and revive the US film industry.
The White House clarified that while tariffs on foreign films are being considered, no final decisions have been made, leading to uncertainty in the entertainment sector.
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