Trump imposes 100% tariff on foreign movies
Post created on 11:03 am
US President Donald Trump has imposed a 100 percent tariff on foreign movies.
In a statement issued early Monday morning, Trump claimed that Hollywood is rapidly declining, with filmmakers getting enticed by incentives in other countries.
The president labelled the said downturn a national security threat.
He said his decision would “save” the US movie industry.
Trump’s call for a 100 percent tariff on all foreign-produced films has raised eyebrows.
Critics argue that the move overlooks the industry’s ongoing recovery and could disrupt international collaborations that have become vital to modern filmmaking.
The proposed tariff also raises concerns about retaliatory measures from affected countries, potentially expanding existing trade tensions into the creative and cultural industries.
Since assuming office, Trump’s tariffs have included a universal 10 percent import tax, sharply higher rates for certain countries and sectors, and new secondary tariffs targeting third-party trade, making this the most aggressive US tariff regime since the 1930s.