Trump announces 100% tariff on movies produced outside US to save Hollywood ‘dying a very fast death’
President Donald Trump announced on Sunday that he would be imposing a 100 percent tariff on any movie produced outside of the United States.
By doing so, the president wants to save America’s movie industry from ‘dying a very fast death.
‘Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States,’ he claimed on his Truth Social platform. ‘Hollywood and many other areas within the USA are being devastated.
‘This is a concerted effort by other Nations and therefore a National Security threat,’ the president declared.
‘It is, in addition to everything else, messaging and propaganda.’
Trump then announced that he is authorizing the Department of Commerce and the US Trade Representative to ‘immediately begin the process of instituting a 100 percent tariff on any and all Movies coming to our Country that are produced in Foreign Lands.
‘WE WANT MOVIES MADE IN AMERICA, AGAIN,’ he concluded.
The announcement comes as professionals have struggled to get movies and TV series to be completely filmed from beginning to end in Hollywood due to budget cuts for tax credits on productions.
President Donald Trump announced on Sunday that he is imposing a 100 percent tariff on movies produced outside the US
Trump made the announcement on his Truth Social platform
By the end of last year, FilmLA – the Los Angeles agency that handles film permits throughout the city – reported a 5 percent drop in film and TV production in the third quarter of 2024.
The 5,048 total film and TV shoot days also represented a whopping 36.4 percent drop from the five-year average.
This is a breaking news story and will be updated.
