WASHINGTON – President Donald Trump announced Monday a โคplanned 100% tariff on all foreign-made films,โ a move poised to dramatically reshape the global film industry and perhaps disrupt Hollywood’s established business model. The โproclamation, made via a post on his Truth Social platform, signals a broadening of the governance’s protectionist trade policies into the realmโ ofโ cultural exports.
Trump asserted that the U.S.โค moviemakingโ industryโ has been disadvantaged by international competition, stating, “Our movie making business โhas been stolen from the United states of America, by othre countries, just like stealing candyโ from a baby.” The proposed tariff raises โขquestions about the โlegalโ basis for such a measure and โits potentialโ impact on studios reliant on international revenue and co-productions.
The White House has not yet responded to โขrequests for comment regarding the implementation of the tariff. Representatives from warner Bros Revelation, โฃComcast,โ Paramount Skydance, and netflix have also not issued statements inโ response to theโ announcement. Trump initially suggested the possibility of a movie tariff in May, but provided limited details at the โtime.