Trump orders 100% tariff on foreign-made movies to save 'dying' Hollywood

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Trump orders 100% tariff on foreign-made movies to save 'dying' Hollywood - Business Standard

Quick Summary:

Film and high-end TV production in the UK was worth 5.6 billion pounds ($7.45 billion) in 2024, a 31 per cent increase over 2023, according to the British Film Institute.

Trump said he was authorizing the relevant government agencies, such as the Department of Commerce, to immediately begin the process of imposing a 100 per cent tariff on all films produced abroad that are then sent into the United States.

All major media companies, including Walt Disney, Netflix and Universal Pictures, film overseas in countries such as Canada and Britain.