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Old 29-09-2025, 18:53   #1961
Hugh
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Re: President Trump 2.0

https://www.reuters.com/business/med...ry-2025-09-29/

Quote:
Trump says US to impose 100% tariff on movies made outside the country

President Donald Trump said on Monday he would impose a 100% tariff on all films produced overseas that are then sent into the U.S., repeating a threat made in May that would upend Hollywood's global business model.

The step signals Trump's willingness to extend protectionist trade policies into cultural industries, raising uncertainty for studios that depend heavily on cross-border co-productions and international box-office revenue…

… The U.S. film industry recorded a $15.3 billion trade surplus in 2023, backed by $22.6 billion in exports to international markets, according to the Motion Picture Association.

Studio executives told Reuters earlier this year that they were "flummoxed" by how a movie tariff might be enforced, given that modern films often use production, financing, post-production and visual effects spread across multiple countries.

Hollywood has increasingly relied on overseas production hubs such as Canada, the UK and Australia, where tax incentives have attracted big-budget shoots for films ranging from superhero blockbusters to streaming dramas.

At the same time, co-productions with foreign studios have become more common, particularly in Asia and Europe, where local partners provide financing, access to markets, and distribution networks.

Industry executives also warn that a broad tariff could affect the thousands of U.S. workers employed on overseas shoots, from visual effects artists to production crews, whose work is often coordinated across multiple countries.
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