Trump renews threat to impose 100% tariffs on non-US made movies

BBC
BBC
3M ago
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Donald Trump has reiterated his threat to impose a 100% tariff on films not made in the US, claiming the industry has been 'stolen' by other countries.
Trump renews threat to impose 100% tariffs on non-US made movies
A What happened
In a recent statement, Donald Trump reiterated his threat to impose a 100% tariff on films not made in the United States, claiming that the American film industry has been 'stolen' by foreign countries. He emphasized the negative impact on California's film sector and suggested that the tariff would address this ongoing issue. The proposal has raised significant concerns among industry experts and stakeholders, particularly in Canada, where many US films are produced. Analysts have pointed out the complexities of defining what constitutes an 'American-made' film, especially when considering foreign actors and funding. The potential for increased production costs could adversely affect demand for films, impacting streaming services and cinema operators. Despite the threat, investors appear unconcerned, as stock prices for major companies like Netflix and Disney briefly dipped before recovering. The US remains a key player in global film production, although spending has decreased significantly in recent years.

Key insights

  • 1

    Impact on Canadian Film Industry: Canadian production facilities may face increased costs due to proposed tariffs.

  • 2

    Feasibility of Tariffs: Analysts question how a 100% tariff on films would be implemented.

  • 3

    Investor Reaction: Stock prices for major film companies showed resilience despite tariff threats.

Takeaways

The proposed tariffs on foreign films could have significant implications for the film industry and international collaborations.

Topics

Business & Markets Economy

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