100% duty on foreign films like Hollywood “is dying” – Firstpost

Donald Trump has announced that the United States will impose a 100% price on all films produced abroad, accusing other countries of Saper Hollywood and using cinema as a propaganda tool.

The revelation was carried out via an article on Truth Social, in which the American president strongly criticized the state of the American film industry.

“The film industry in America dies from a very rapid death,” said Trump. “Other countries offer all kinds of incentives to remove our filmmakers and studios from the United States. Hollywood and many other areas in the United States are devastated. It is a concerted effort of other nations and, therefore, a national security threat. It is, in addition to everything else, propaganda! ”

He continued: “Consequently, I authorize the Ministry of Commerce and the representative of the United States, immediately starting the institute process a price 100% on all the films that enter our country which are produced abroad. We want films to be made in America, again!”

The USTR acknowledges that non -tariff commercial barriers, such as foreign tax regulations and tax incentives, may have a negative impact on American filmmakers. Many international cities offer substantial tax advantages to attract cinematographic and television productions, contributing to a migration of projects to places such as Toronto and Dublin. In response, California Governor Gavin Newsom proposed an important tax credit to stimulate Hollywood production.

Meanwhile, sales of American cinema tickets have dropped, with fewer successful films reaching theaters after the pandemic, and the public turning more and more to home streaming services.

The latter decision adds another layer to the unpredictable trade policies of Trump, who have already had generalized repercussions for the world economy. Since his return to his duties, he has taken rates from a wide range of imported goods, including a high obligation of 145% on Chinese imports. In retaliation, China imposed a 125% tax on American products, degenerating a trade conflict which disrupted the world supply chains and increased fears of recession.

American economic data published this week showed a 0.3% drop in GDP in the first quarter of 2025, with significant reductions in imports and consumer expenses. Ocean container reservations from China have dropped by 60%, forcing sea companies to cancel up to 25% of navigation. Arrivals at the port of Los Angeles should drop by 35% while companies delay orders in the midst of tariff uncertainties.

Economists blame Trump's unorthodox trade policies for increasing instability. When asked how much slowdown could be attributed to Trump's measures, the economist of the Boston College Brian Bethune replied: “All this”.

Despite Trump's allegations to negotiate “privileged” trade agreements with Switzerland, South Korea and Japan, foreign officials have expressed their confusion and its frustration in the face of a lack of clear communication. “There is no coherent strategy,” said Josh Lipsky of the Atlantic Council. “They do not fully understand what the White House wants, or with whom they should negotiate.”