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Soaring Costs and Banned Lunches: Trump’s Tariffs Hit Hollywood
The industry survived ‘til ‘25. Can it make it to 2029?
The reason: Even if the White House isn’t (yet) slapping tariffs on, say, projects filmed outside the U.S. or imposing fees on the use of British and Australian actors in American shows, Hollywood is still expecting to get hit by downstream impacts of the Trump tax hikes. “We don’t know the exact impact yet because we already have lumber in stock, but eventually, you have to think about it.” There could be similar price hikes for a slew of other things that go into making a show or movie: steel for sets, wardrobe for actors, specialized lights or microphones made overseas. And while the White House walked back the most radical version of the Trump tariffs scheme, it hasn’t removed the global 10 percent import tax, and the fees on Chinese-made products remain at unheard-of, almost comically high levels.
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