U.S. President Donald Trump has announced a 100% tariff on all films produced overseas in an effort to stop the U.S. film industry from “dying a very fast death.”
Trump said the tariff will also counter the economic impact of American filmmakers and studios accepting “incentives” offered by other countries.
He added the decision also aims to address what he described as a “national security threat” posed by the “messaging and propaganda” in foreign films.
Tariff
Trump said he had authorised relevant government agencies to implement the move, including the departments of commerce and trade.
In a post to his social media platform Truth Social, Trump said the decision comes as Hollywood is “being devastated.”
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In a response post on social media, Commerce Secretary Howard Lutnick said: “We’re on it”.
Neither has expanded on how the tariff will be imposed.
Hollywood
Hollywood has been slowly recovering from COVID-19-related shutdowns and the 2023 strikes by actors and writers.
In January, Trump appointed actors Mel Gibson, Sylvester Stallone, and Jon Voight as “Special Envoys” to help revive what he called “the Golden Age of Hollywood.”
The trio were tasked with making America’s film industry “bigger, better, and stronger than ever before.”
