Summary
Category: business
Former U.S. President Donald Trump reiterated his intention to impose a 100% tariff on movies made outside the United States. He argues this move will help the struggling American film industry. The timing for when these tariffs would take effect remains unclear.
Key Facts
- Donald Trump has proposed a 100% tariff on all movies produced outside the U.S.
- He believes other countries have taken over the U.S. film industry.
- Trump previously mentioned discussing this plan with Hollywood executives.
- He has also announced new tariffs on other products, including drugs and cabinets.
- The specific start date for the movie tariffs has not been announced.
- It is unknown if these tariffs would affect films on streaming services like Netflix.
- Recent U.S. studio films shot abroad include "Deadpool & Wolverine" and "Wicked."
- The U.S. film industry remains significant but faced a 26% decrease in spending last year.
