The American president says Hollywood undergoes a “very rapid death” despite the sweeping of $ 30 billion in revenues in 2024.
President Donald Trump announced his intention to impose a 100% rate on foreign films, saying that Hollywood undergoes a “very rapid death” due to competition abroad.
On Sunday, in an article on social networks, Trump said that he had ordered the US trade department and the US trade representative to immediately start the price of the rate on films “everything” produced in “foreign lands”.
“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,” said Trump on his social platform for truth.
“This is a concerted effort of other nations and, therefore, a national security threat. It is, in addition to everything else, messaging and propaganda! ”
Questioned by journalists on the price later Sunday, Trump said that the United States was “very few films now”.
“Other nations, many of them, have stolen our film industry,” he said. “If they are not willing to make a film in the United States, we should have a price on the films that enter.”
Trump did not explain how such a price would work in practical terms, especially if it would be applied to the characteristics of Hollywood which involve shooting and production in several countries.
Trump's announcement follows his appointment in January by actors Sylvester Stallone, Mel Gibson and Jon Voight as “special ambassadors” responsible for bringing the things that Hollywood has lost in other countries.
At the time, Trump said that the actors would be “my eyes and my ears” when he began to institute a “Hollywood golden age”.
Hollywood has faced difficult commercial conditions in recent years in the benefits of the COVID-19 pandemic and the strike of actors and writers of 2023.
Hollywood Studios reported about $ 30 billion worldwide last year, down about 7% compared to 2023, according to Gower Street Analytics.
Although last year's performance was an improvement in income in 2020, 2021 and 2022, it was still about 20 below the pre-pale average, according to Gower Street Analytics.
