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Trump announces 100% tariff on foreign-made movies
President Trump targets foreign films with a 100% tariff to revive Hollywood, citing lost revenue and job declines in California's film sector, which dropped nearly 40% over a decade.
- On Monday, President Donald Trump announced on Truth Social that the United States will impose a 100% tariff on movies made outside the country and authorized the Department of Commerce and United States Trade Representative to begin instituting the levy.
- President Donald Trump framed the move as a response to studios shifting production overseas due to tax incentives in Canada, the United Kingdom and Australia, while U.S. film jobs have declined.
- Legal analysts point to pending court challenges and unclear authority, while studio executives said they were `flummoxed` about enforcement given global production chains.
- Hollywood supports more than 2.3m jobs and generated $279bn in sales in 2022, and analysts warn tariffs would raise costs, ticket prices, and strain studios and overseas production crews.
- Coming 78 days before the Oscars shortlist on December 16, Trump announced a protectionist move, citing threats to the U.S. film industry and criticizing California's governor.
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COMMENT. Donald Trump's tariffs are supposed to make the US rich and bring back jobs. But ahead of the Supreme Court ruling, the White House is now highlighting another argument: the tariffs "promote peace."
·Stockholm, Sweden
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Are tariffs making US ‘rich as hell’ as Trump claims?
While it is true that the US government is taking in billions of dollars from tariffs every month, it is nowhere near as much as President Donald Trump claims. Tariffs have generated between $165 and $172 billion (Rs 14.64–15.25 lakh crore) in revenue for the government this year – a massive jump from 2024 and 2022, when the revenue generated was at $74 billion (Rs 6.56 lakh crore) and $98 billion (Rs 8.69 lakh crore), respectively. However, thi…
·Mumbai, India
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Coverage Details
Total News Sources498
Leaning Left65Leaning Right58Center149Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 24%
C 55%
R 21%
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