U.S. President Donald Trump said on Monday he would impose a 100 per cent tariff on all foreign-made movies, an unprecedented move that threatens to upend Hollywood’s global business model.
The step signals Trump’s willingness to extend protectionist trade policies into cultural industries, raising uncertainty for studios that depend heavily on international box-office revenue and cross-border co-productions.
Big problem for California, many US districts offer film industry incentives and tax far less than Newsom’s corrupt little kingdom.
