President Trump seeks to impose a 100% films tax made outside the United States – Say that it is a “national security threat” that Hollywood shoots films in other countries.
“The film industry in America dies from a very fast death,” Trump wrote on his social media site. “Other countries offer all kinds of incentives to remove our filmmakers and studios from the United States. It is a concerted effort of other nations and, therefore, a threat of national security. ”
“We want films made in America, once again,” added Trump in the Sunday evening post.
He was not immediately clear how such a price on international productions In the United States and other countries, it has been implemented.
Unlike other consumer products, moviegoers generally pay a fixed price for admission, Whatever the cost of production or taxes imposed on the film's creator.
The multiplex is a curious target for a trade war because American manufacturing films still dominate the world marketproducing $ 22.6 billion in exports and $ 15.3 billion in commercial surplus in 2023.
It is indeed the opposite of the scenario with many other consumer goods, where Trump is angry with China with anger and other business partners for engineering huge trade deficits with the United States
The cinematographic association, which represents the major American cinema studios and streaming services, has not responded to Trump's pricing threat.
The American cinematographic and television production has been hindered in recent years, with the setbacks of the Pandemic of Covid-19, a strike by Hollywood writers and the recent devastating forest fires in Los Angeles. In the United States, overall production dropped last year by 26%, against 2021, according to ProdPro data.
Foreign nations have been attracting filming for years for years with tax incentives. New Zealand has become a key location for successful films such as the “Lord of the Rings” and “Minecraft”, as well as Canada and the United Kingdom. American states and cities have done the same thing.
Trump said all taxes are The power of the president to protect “national security”, that has traditionally has only been used to influence military or geopolitical problemsnot commercial fights.
