Trump Strikes Back: Tariffs Target Hollywood

Donald Trump declared on TruthSocial about the swift initiation of measures to enforce a 100% tax on every foreign-made film being imported into the U.S.

As he puts it, the U.S. movie business is deteriorating, stating, "WE WANT FILMS PRODUCED IN AMERICA, ONCE MORE!".

The president urged the Commerce Department and the U.S. Trade Representative to address the matter promptly, asserting that they should take action as he views it as a potential risk to national security.

Donald Trump has criticized the outsourcing of Hollywood movies to countries such as Dublin, Ireland, claiming it poses a risk to national security. This criticism also represents a significant new assault on the Canadian film industry.

Production hubs such as Montreal and Toronto have long drawn U.S. studios, largely due to the substantial tax incentives offered to international film and television productions.

As reported by CNN, imposing 100% tariffs on foreign-made films may exacerbate complications for Hollywood studios because a considerable portion of American productions take place outside the USA.

Cutting manufacturing and workforce expenses by filming abroad has turned even more vital for Hollywood due to the pandemic, which severely impacted box office earnings.

This material was developed with assistance from artificial intelligence.