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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
In his post, he claimed to have authorized the Department of Commerce and the US trade representative to immediately begin instituting such a tariff, although he gave no details on how it would be implemented. 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. However, the tariffs would deal a significant blow to western studios – especially Walt Disney Company, Paramount Global, and Warner Bros Discovery Inc – still struggling to rebound after the pandemic.
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