Trump Announces 100% Tariff Threat On Movies Made Outside US
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US President Donald Trump on Monday renewed his threat of imposing steep tariffs on films made outside the United States, claiming his country’s industry has been “stolen” by others.
Trump’s remarks come shortly after he threatened a slew of new tariffs to be imposed this week on branded pharmaceutical products, furniture, as well as heavy trucks, respectively.
He criticized California Governor Gavin Newsom as “weak and incompetent,” adding that the state has been heavily impacted.
“In order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States,” Trump wrote.
Trump’s latest post echoes a threat he made in May, when he said the US movie industry was “dying a very fast death.”
At the time, he said he was authorizing the Department of Commerce and US Trade Representative to start the process of instituting a 100-percent tariff.
The implications for the movie industry remain unclear for now.
But in the wake of the Hollywood strikes and the Covid pandemic — which changed how Americans consumed movies, opting to watch at home instead of in theaters — the industry has been struggling to regain momentum, industry insiders have said.
Trump’s posts did not mention if television series, an increasingly profitable and popular sector of production, would be impacted.
Last Thursday, Trump said he would slap separate tariffs ranging between 25 percent and 100 percent on branded pharmaceutical products, kitchen cabinets, upholstered furniture and heavy trucks.
Trump reiterated his threat on imported furniture, saying North Carolina “has completely lost its furniture business to China, and other Countries.”
AFP
