Trump announces a 100% price on films produced outside of us, calls Hollywood Crisis a “ national security threat ''
Trump prices on movies: US President Donald Trump announced a 100% rate of all films “produced in foreign land” on Sunday, saying that the film industry in America “dies a very rapid death”.
Announcing his decision, the American president in an article on Social truth said he had authorized the Commerce Department and the United States representative to immediately implement the 100% price on films produced outside the United States. However, he has provided no details on how he would be established.
“Other countries offer all kinds of incentives to keep our filmmakers and studios from the United States away. Hollywood and many other areas in the United States are devastated,” said Trump, alleging that it is a concerted effort of other nations and therefore a “national security threat”.
Hollywood is already facing the heat of a trade war between Washington and Beijing after China's decision to reduce the quota of American films authorized in the country. A pricing war on the cinema market would affect important Western studios, mainly Walt Disney Company, Paramount Global and Warner Bros Discovery.
The China Film Administration, in a statement of April 10, said: “The bad action of the American government to abuse tariffs on China will inevitably reduce the favorite of the domestic public towards American films”, ” The guardian reported.
After the United States, China is the second largest market in films. Although lately, national Chinese films have surpassed Hollywood imports.
Trump had introduced reciprocal prices On all its global trade partners last month, ranging from 10% to 50 cents. He stopped them 90 days, but a 125% rate on Chinese products continues.
© ie online media services PVT Ltd
