Trump Proposes 100% Tariff on Foreign Films to Save Hollywood
On May 5, 2025, U.S. President Donald Trump announced plans to impose a 100% tariff on films produced outside the United States. He argues that foreign tax incentives are harming the American film industry, posing a national security threat.
Trump Proposes 100% Tariff on Foreign Films to Save Hollywood
On May 5, 2025, U.S. President Donald Trump announced plans to impose a 100% tariff on films produced outside the United States. He argues that foreign tax incentives are harming the American film industry, posing a national security threat.
In a post on the Truth Social platform, President Donald Trump stated that he authorized the Department of Commerce and the U.S. Trade Representative to begin the process of implementing a 100% tariff on all films produced outside the country.
Trump claimed that the American film industry is "dying rapidly" due to incentives offered by other countries to attract filmmakers and studios, which he considers a national security threat and a form of "propaganda."
Although details about the application of the tariff have not yet been disclosed, the measure has raised concerns in the film industry, especially among studios and independent producers who fear significant financial impacts.
Reactions and Impacts
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Media company stocks, such as Netflix and Disney, fell after the announcement, reflecting investor concerns about the potential effects of the tariff.
Industry experts question the feasibility of defining what constitutes a "foreign film," given the globalized nature of modern film productions.
Countries like Australia and New Zealand have expressed concerns about the economic impacts of the proposal and pledged to defend their national film industries.
