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Trump’s 100% film tariff plan ‘not in the interests of American businesses’ – US politics live | US news

Trump film tariff plan ‘not in the interests of American businesses’, UK lawmaker warns

There has been more reaction to Trump’s plan for 100% tariffs on films made in “foreign lands”, with a UK lawmaker warning it “is not in the interests of American businesses”.

Dame Caroline Dinenage is a member of the right-leaning Conservative opposition party who chairs the UK parliament’s culture committee. She said members of the committee had warned “against complacency on our status as the Hollywood of Europe” in their report on British film and high-end TV, published last month.

She added:

President Trump’s announcement has made that warning all too real. Making it more difficult to make films in the UK is not in the interests of American businesses. Their investment in facilities and talent in the UK, based on US-owned IP (intellectual property), is showing fantastic returns on both sides of the Atlantic. Ministers must urgently prioritise this as part of the trade negotiations currently under way.

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Trump memecoin gala dinners set to raise millions spark questions from Republicans

Donald Trump has two crypto-focused dinners on the calendar this month — one aimed at deep-pocketed political donors, the other at meme coin millionaires. Both are poised to help him raise millions.

The first event, a $1.5m-per-plate fundraiser set to take place tonight, is among the most expensive ticketed dinners in presidential history. The second, on 22 May, offers access to the self-proclaimed “crypto president” and his inner circle for the top 220 investors in the $TRUMP meme token, plus a tour of the White House.

For the 22 May gala dinner, which will be held at the Trump National golf club in Washington DC, there will be “an exclusive private VIP reception with YOUR FAVORITE PRESIDENT!” for the top 25 coin holders, the coin’s website said.

But the terms and conditions dutifully state: “President Trump may not be able to attend the $TRUMP Gala Dinner, and the $TRUMP Gala Dinner may be cancelled for any reason (including, but not limited to, a force majeure event). In the event President Trump is unable to attend the $TRUMP Gala Dinner, or if the $TRUMP Gala Dinner does take place, then in our sole discretion, the $TRUMP Gala Dinner may be rescheduled to another date, or $TRUMP Meme holders who are qualified for the Gala Dinner and/or reception will receive a limited edition TRUMP NFT in lieu thereof.”

The offer of access to the president for those who invest in an organization that funds Trump’s personal fortune has sparked bipartisan scrutiny and criticism, NBC News reports. “This is my president that we’re talking about, but I am willing to say that this gives me pause,” said Senator Cynthia Lummis, of Wyoming, who has been spearheading a legislative push on cryptocurrency regulation in the Senate.

A staunch ally of the president, Lummis said on Wednesday that she thinks Congress needs to regulate standards around the use of digital assets like meme coins. “This is the Wild West, and so when I hear things like this, my reaction is, we need to legislate so there are rules,” she told NBC News.

Senator Lisa Murkowski, of Alaska, who often bucks her party, expressed uneasiness about the event, though she noted she didn’t have all of the details. “I don’t think it would be appropriate for me to charge people to come into the Capitol and take a tour,” Murkowski told NBC News on Thursday. “[Trump’s] got to remember that he’s living [at the White House], but it’s the people’s house, right?”

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