President Donald Trump said he would impose a 100% tariff on all films produced overseas that are then sent into the U.S., repeating a threat made in May that would upend Hollywood's global business model.
Breakdown
- President Trump announced a plan to impose a 100% tariff on all overseas-produced films entering the U.S.
- The legal authority and implementation details of the tariff remain unclear, with no immediate response from the White House or major studios. 23s
- Hollywood has increasingly used overseas production hubs and co-productions, especially in Canada, the U.K., Australia, Asia, and Europe. 51s
- Industry executives are uncertain how a movie tariff could be enforced due to the multinational nature of film production. 1m 6s
- Experts note that movies are considered a service, not a good, making traditional tariffs difficult to apply. 1m 32s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.