President Donald Trump announced on May 4 that he was authorizing his administration to impose a 100 percent tariff on movies produced outside of the United States.
In a Truth Social post, Trump said the Department of Commerce and the U.S. Trade Representative would immediately start to process the implementation of the levy on all movies “produced in foreign lands.”
Trump said the move was necessary to protect the once globally dominant U.S. movie industry, as he noted that some countries have been offering incentives to attract American filmmakers and studios overseas.
He warned that the local industry is “dying a very fast death,” with Hollywood and many other local entertainment businesses facing devastation….