Trump Moves to Impose 100% Tariff on All Foreign-Made Films
The 100% tariff on foreign-made films was just announced by President Donald Trump as kind of a protective measure for the struggling U.S. movie industry that’s facing some pretty tough international competition. In a post he shared on Sunday night on his Truth Social platform, Trump went ahead and authorized the Department of Commerce and also the Office of the U.S. Trade Representative to implement this pretty substantial tariff on “any and all movies coming into our Country that are produced in foreign lands.” Right now, the President seems concerned about other nations drawing filmmakers away with various financial incentives. Also Read: De-Dollarization: Warren Buffett Says the U.S. Dollar Is Going to Hell Impact of 100% Tariff on Movie Industry and Global Film Production Source: Reuters U.S. Production Decline The U.S. film industry has been facing some major setbacks in recent times, with overall production actually down about 26% compared to what we saw back in...