China Curbs US Film Imports in Tariff Retaliation
In response to increased US tariffs, the Chinese Film Administration (CFA) announced a reduction in the number of imported American films. This decision follows the imposition of 125 percent tariffs on Chinese goods, which the CFA considers detrimental to American films’ popularity in China. While the extent of the reduction remains unspecified, it will affect the current agreement allowing for 34 foreign film releases annually. Despite a decline in recent years, US films still generated a substantial $585 million in revenue within the Chinese market in 2023.
John Q. Hosedrinker