Summary
President Trump announced he intends to put a 100% tax on movies made outside the United States. This action could greatly affect the entertainment industry, but details on how and when this would happen are not yet clear.
Key Facts
- President Trump said he would impose a 100% tax on foreign-made movies.
- He first mentioned this plan in May.
- Trump believes the U.S. film industry is losing out to foreign productions.
- Such a tax could disrupt the entertainment industry because many films come from outside the U.S.
- It is unclear exactly how the tax would be applied.
- The specific impact on producers and distributors is not yet known.
- The story is developing and more information is expected later.
