Trump Announces 100% Tariff on Foreign Movies: Confusion and Criticism Erupt
In a recent Truth Social post, Donald Trump announced plans to impose a 100% tariff on movies produced outside the United States, though details on implementation remain unclear. This move, targeting a service rather than a good, follows similar threats made earlier this year and singles out California for its perceived impact. The proposed tariff has raised concerns within the entertainment industry, as it could potentially halt foreign film production, which benefits from cheaper labor and tax incentives. Despite the impact on the industry, share prices for some movie-related companies opened higher after the announcement.
John Q. Hosedrinker