President Trump's recent post on Truth Social proposes a 100% tariff on overseas films as a national security measure, citing Hollywood's struggles amidst declining production numbers. His assertion that international tax breaks are harming the American film industry is supported by a 38% drop in film shoots in Los Angeles between 2017 and 2024. While the practical implications of such a tariff remain unclear, industry leaders express agreement with Trump's sentiments, acknowledging the need for a focus on domestic film production amidst growing challenges in the sector.
Trump's call for a 100% tariff on overseas films, though flawed in its conception, highlights a serious decline in American film production and economic impact.
As Hollywood struggles with a significant drop in film shoots, executives acknowledge that national security concerns and local economic impacts are becoming increasingly intertwined.
Collection
[
|
...
]