Get the latest tech news
Trump announces 100% tariffs on movies ‘produced in foreign lands’
President calls films ‘national security threat’ and claims he called on commerce department to immediately enact tariff
Donald Trump on Sunday announced on his Truth Social platform a 100% tariff on all movies “produced in Foreign Lands”, saying the US film industry was dying a “very fast death” due to the incentives that other countries were offering to draw American film-makers. At the same time, governments around the world have offered more generous tax credits and cash rebates to lure productions, and capture a greater share of the $248bn that Ampere Analysis predicts will be spent globally in 2025 to produce content. The film industry has already been feeling the effects of the tariffs, as China in April responded to the announcements by reducing the quota of American movies allowed into that country.
Or read this on Hacker News