President Donald Trump plans to impose a 100% rate on films made outside the United States.
In a Sunday job On Truth Social, the president said that other countries offer American filmmakers and studios to withdraw them from the country. He described this as “national security threat” and proposed his prices as a way to prevent Hollywood from “dying of a very fast death”.
“Consequently, I authorize the Ministry of Commerce and the US trade representative immediately starting the institute process a 100% tariff on all the films that enter our country that are produced in foreign land,” he wrote in the post.
He added: “We want films made in America, again!”
US Secretary of Commerce, Howard Lutnick, republished Trump's comments on X Sunday with legend: “We are there.”
Trump did not specify how the price would be implemented or when he comes into force. The White House representatives did not respond to a request for comments from Business Insider.
Trump's comments arise while Hollywood faces many challenges of forest fire strikes.
According to Film dataThe number of cinematographic productions in the Grand Los Angeles in the first quarter of the year dropped by 22% compared to last year.
The report indicates that the decline was partly due to devastating forest fires which ravaged in January, which affected around 550 unique filming locations in the city.
The national cinema industry was also affected by strikes of several months in 2023, during which writers and actors demanded an increase in wages and benefits and protected by the use of AI in cinema.
A July report By the follow-up company, ProdPro said that the number of productions shot in the United States was down 37% in the first half of 2024 compared to the same period in 2022.
In October, the governor of California, Gavin Newsom, announcement A proposal to increase the California cinema and television tax credit program from $ 330 million to $ 750 million per year.
This proposal aims to encourage production houses to keep their job in California instead of moving elsewhere.
In addition to the film industry, Trump imposed a reference rate of 10% on imports from all countries except China. Its rate rate for China is now 145%.
