Trump renews tariff war with 100% levy on foreign movies

U.S. President Donald Trump has announced a 100% tariff on movies produced outside the country. According to a statement issued on Monday, Trump said the American movie industry was dying a “very fast death” due to the incentives that other countries were offering to lure filmmakers. “This is a concerted effort by other Nations and, […]

U.S. President Donald Trump has announced a 100% tariff on movies produced outside the country.

According to a statement issued on Monday, Trump said the American movie industry was dying a “very fast death” due to the incentives that other countries were offering to lure filmmakers.

“This is a concerted effort by other Nations and, therefore, a National Security threat. It is, in addition to everything else, messaging and propaganda.

“Therefore, I am authorizing the Department of Commerce, and the United States Trade Representative, to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands,” Trump said.

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

“We want movies made in america, again!,” he added.

This comes as recent data indicates a degree of resilience in the US box office.

Despite grappling with the aftershocks of the COVID-19 pandemic and industry-wide strikes, the US movie industry has shown remarkable improvement.

According to a Hollywood report, last year, the US box office reached approximately $8.7 billion, a slight decline of about three percent from 2023’s $9 billion.