Trump Is Attempting to Put a Tariff on Motion pictures From Exterior US

President Donald Trump plans to impose a 100% tariff on motion pictures made outdoors the US.

In a Sunday submit on Fact Social, the president stated different nations are providing US filmmakers and studios incentives to attract them in another country. He known as this a “nationwide safety menace” and proposed his tariffs as a option to cease Hollywood from “dying a really quick loss of life.”

“Due to this fact, I’m authorizing the Division of Commerce, and the USA Commerce Consultant, to right away start the method of instituting a 100% Tariff on any and all Motion pictures coming into our Nation which are produced in Overseas Lands,” he wrote within the submit.

He added, “WE WANT MOVIES MADE IN AMERICA, AGAIN!”

The US’s commerce secretary, Howard Lutnick, reposted Trump’s feedback on X on Sunday with the caption: “We’re on it.”

Trump didn’t specify how the tariff can be carried out or when it will go into impact. White Home representatives didn’t reply to a request for remark from Enterprise Insider.

Trump’s feedback come as Hollywood grappled with quite a few challenges from strikes to wildfires.

In response to Movie LA knowledge, the variety of movie productions in Higher Los Angeles within the first quarter of the 12 months dropped 22% in comparison with final 12 months.

The report stated the decline was partly because of the devastating wildfires that ravaged LA in January, which affected about 550 distinctive filming areas within the metropolis.

The home movie business was additionally affected by monthslong strikes in 2023, throughout which writers and actors demanded will increase in wages and advantages and protested using AI in filmmaking.

A July report by monitoring firm ProdPro stated the variety of productions being shot within the US was down 37% within the first half of 2024 in comparison with the identical interval in 2022.

In October, California’s governor, Gavin Newsom, introduced a proposal to extend California’s Movie & Tv Tax Credit score Program from $330 million to $750 million yearly.

This proposal goals to incentivize manufacturing homes to maintain their work in California as a substitute of shifting elsewhere.

In addition to the film business, Trump has imposed a baseline 10% tariff on imports from all nations besides China. His tariff charge for China now stands at 145%.