In a move aimed at bolstering the American film industry, US President Donald Trump announced plans to impose a 100% tariff on movies made in foreign countries.
Trump took to his Truth Social platform to declare that overseas film production is undermining the US movie industry, labeling it a “National Security threat” and part of a “concerted effort” by other nations to lure production with financial incentives.
“We want movies made in America, again!” Trump emphasized. He has authorized the US Department of Commerce and the US Trade Representative to begin implementing the tariffs, although details on calculation and applicability to streaming platforms remain unclear.
US Commerce Secretary Howard Lutnick responded promptly, stating, “We’re on it.” However, specifics about the plan are yet to be disclosed.
The announcement has sparked international reactions, with Australia and New Zealand expressing strong support for their domestic film sectors. Australia’s Home Affairs Minister Tony Burke asserted, “Nobody should be under any doubt that we will be standing up unequivocally for the rights of the Australian screen industry.” New Zealand’s Prime Minister Christopher Luxon pledged to be a “great advocate” for the sector.
Industry players like the British Film Institute and the Motion Picture Association have yet to respond publicly to the proposed tariffs. Trump’s move is part of ongoing trade tensions, with his tariffs already affecting global markets and increasing prices on various goods.
Source: Apexnewsgh.com
